Empty threat, he will lose a lot of money if he does that.

seguno2:


Do you mean the one distributed at Teslim Balogun stadium in December 2014 to secure Buhari's APC nomination?

? ? ?

VampireeM:
Some politicians have access to forex from their sitting room at the official rate meanwhile manufacturers are crawling for forex just to import machineries and co.. PMB and his economic team needs to hide their heads in shame.. Just in a year and some months PMB took over power, almost a million Nigerians have lost their jobs due to their archaic policies..
#IncompetentGovt!

Can you point out just one archaic policy ?

Its easy to talk the talk.

carmag:
the degree of damages done so far by this govt will be felt in two years time

So u ain feeling it now, well there is no damage, its just unavailability of dollars, if dollars becomes available again all this story will end.

So u mean naija the so-called giant of africa still imports tomato paste?

In-btw that niqqa is a big liar... lost N3.5bn? Lmao. He needs a slap for that statement.

Also he cannot afford to take his business elsewhere and import into naija (it will cost him millions)

At the end of the day I support him though...
Once again u mean we import tomato-paste?

Pls who has our sci-tech ministers twitter handle? Lemme go and remind him he produced us pencil factories next year... b4 he forgets

SycophanticGoat:


The most useless comment I've ever seen in my life. Very useless, in short, so useless that even a 2 years old will find it senseless..

If the likes of Gionee, Xiomi, Tecno, Infinix, etc., had this kind of stone age mentality, they wouldn't have been making waves in Africa presently.

If people had this mentality, then there will be only one man - one business in this country..

Lol

[b][/b]

banio:
Erisco look for Anoda business, you can't compete with Dangote.

Just listen to yourself speak. Obviously you're part the #Problems.

the man is complaining about importation and love for foreign materials. now on the other thread majority were supporting the smuggling of rice in the country, not even legal importation. they hanged the NCS boss for daring to fight the smugglers. the same people will flood this thread condemning govt for not creating a conducive environment for indigenous companies. we don't even know what we want

this erisco eric odinaka umeofia. Is a biafra man. Hail from amichi nnewi south lga, age 49. Only sch @ saint andrew primary amichi, later go lagos to learn motor spare parts. From thier he start hustling til date. Nwa afo igbo

Sirmuel1:
Sai Baba!!!




Sai Baba!!!




Sai Baba!!!




Very use.less man

bro what's up with you. Longest time

Well I believe that after a month of which of Erisco doesn't get any form of help from the FG to save 2000 Nigerians losing their jobs, then I will know for sure that this government is of no good to the masses.

We will see.

Gobe.

Yeligray:
I don't know why but i still believe in my country.#d love 2 much#.

I pray you don't die with your belief because it'll be a very shameful death knowing that the vindictive villain will continue to make name for himself in a negative manner without minding the effects of his useless and brainless policies on the lives of Nigerians.

Aku recession o
This government may continue like this till election year. They won't listen to us. Erisco should go to where he will be celebrated.

Sibrah:
Imagine just one of those $250k bundle used for election going to Erisco foods.

dey push u n u go

thats soo bad

Arrow24:
bro what's up with you. Longest time

I'm good sir

BrutalJab:


Imagine, If the billions of naira used to search for groundnut oil in the Chad Basin were given to them nko.

Abi the 40milli bag

The amount they used to hire a new media AIDS nko?

Mr Imagine

U be mutula,what they need is dollars not naira.olodo of africa

SharkTank:
If you listen to this man's speeches, you could tell he is super passionate about his work. But the pull him down syndrome of the northern oligarchy sucks

sadly he is part of the 5% , so he cant get close to the cookie jar... if you know how the likes of BUA and CO get this forex and roundtrip it on a weekly basis eh ...you will just feel pity for this genuine businessman

slawali:



U be mutula,what they need is dollars not naira.olodo of africa

Chief Dullard, convert it to dollar.
Dindinrin of Nigeria

blueto:
this is one of the reasons why the economy was plunged into recession, the govt is just so irrational ,indolent and insensitive. The worst thing is that Buhari is lying to investors that Nigeria is now very safe for doing business and that investors are falling over themselves to come and invest in Nigeria even when it is glaring that investors are pulling out of the economy due to the harsh business environment. Buhari should reshuffle his cabinet members and engage seasoned and veteran economists, and also he should not always restrict the decision making to himself.

Reshuffle the cabinet? Na replace oh.

When this company was fighting tomato paste importers and was accusing them of wasting scarce foreign exchange ,I fully supported his argument and position.Some of the importers later accused this company of importing tomato paste from abroad and canning them in Nigeria and not that they are producing any tomato paste locally.
This current development seems to suggest that this Erisco tomato company is actually importing their tomato paste from abroad.
I don't see what they will be needing huge foreign exchange for,given that their major raw material is fresh tomatoes which they are expected to source locally.Dangote tomato industry has to shut down operations recently because they couldn't source for enough fresh tomatoes locally.I am puzzled.

When you guys where busy shating SHANGE!!!!!! E dey sweet who na


Enjoy your SHANGE o

alawi5k:



http://www.dailypost.ng/2016/10/05/forex-erisco-foods-threatens-fire-1500-workers-leave-nigeria/?utm_source=snap_dp1&utm_medium=twitter

Of all this business men, Erisco is a person I so much respect cos he has vision and target for his country.
Make una make forex over available for ammm o or else I no go chop food again today if I finish dis amala.

blueto:
this is one of the reasons why the economy was plunged into recession, the govt is just so irrational ,indolent and insensitive. The worst thing is that Buhari is lying to investors that Nigeria is now very safe for doing business and that investors are falling over themselves to come and invest in Nigeria even when it is glaring that investors are pulling out of the economy due to the harsh business environment. Buhari should reshuffle his cabinet members and engage seasoned and veteran economists, and also he should not always restrict the decision making to himself.

Don't you get it? It's not the ministers. It's the leader himself that's the problem here. Most of those ministers have agendas they are most anxious to push, but they are being held back by the president cos of vested interests. For example, if the CBN Gov wants to make dollar available for everyone but the President says No, what can Emefiele do? Nothing. Na to siddon look. IMO, I think this president is beginning to show himself as a puppet being controlled by some hidden forces

This failed Buhari administration is a good example that Northerners are a curse to this country!!
Northerners have ruled this country more than any region and they f*ucked everything up!

MadamExcellency:
As I always say, Buhari is not business friendly. The CBN is keeping the forex for Dangote, notwithstanding that some of his business interests in other African countries is sapping our scarce forex.

Forget about the soundbites, Mr President's standing order to CBN cannot be overrule hence Erisco should approach a commercial bank for a higher exchange rate and consequently transfers the cost to the consumers.

Nice,

But do u think erisco can sell @ higher costs when same commodity(imported) is in the market and being sold @ cheaper rates?


Govt is killing local manufactures, how can u be preaching, "buynaijatogrownaira" how can be compeling people to come and invest here especially in the production sector, but doles our fx for others to important same commodity @ cheaper, when it is clear to u that the cost of production in naija is very high, from power to many other factors. And then u didn't lay down a strong policy on the ban of those goods that are being imported which of of the same commodity being manufactured locally.


U are simply killing the local manufacturers.

blueto:
this is one of the reasons why the economy was plunged into recession, the govt is just so irrational ,indolent and insensitive. The worst thing is that Buhari is lying to investors that Nigeria is now very safe for doing business and that investors are falling over themselves to come and invest in Nigeria even when it is glaring that investors are pulling out of the economy due to the harsh business environment. Buhari should reshuffle his cabinet members and engage seasoned and veteran economists, and also he should not always restrict the decision making to himself.

but buhari can do Nigerians the favor of retiring and accept his lack of competence.
or don't you think so or do you prefer beating around the bush

Erisco, please go, and don't threaten us. Am not surprised, he thought he could curry Buhari's favour through the wife like crooks got to Jonathan through Patience. The economic climate in Nigeria is very hard, everyone knows that, if other businesses go through the banks, some even source from black marketers, why should Erisco get special access? Already he has increased his price, to cover for the margin, not that he has increased his workers pay, now he threatens to go out and import like those he has been condemning, only in Nigeria.

MadamExcellency blueto SharkTank

His he saying he can't convince the CBN governor who is from the East to release forex? this is a manufacturing company for crying out loud.... The CBN is Autonomous for fund release so I believe there's more to it that we don't know

MadamExcellency blueto SharkTank

is he saying he can't convince the CBN governor who is from the East to release forex? this is a manufacturing company for crying out loud.... The CBN is Autonomous for fund release so I believe there's more to it that we don't know