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Nairaland Forum / Nairaland / General / Business / Border Closure: Kasapreko Company limited Loses Millions Of Dollars (43723 Views)
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Border Closure: Kasapreko Company limited Loses Millions Of Dollars by soloenzo(m): 8:26pm On Oct 22, 2019 |
The Ghanaian Alomo Bitters Manufactured by Kasapreko Company limited through its Head of International Business Development Mr Francis Adzah told joybusiness a Ghanaian news platform how the federal government of Nigeria border closure action have halted its businesses as Nigeria is the Company's largest market. He went further to say that more than a total of $2m has been lost since the border closure. Remember how the president Buhari's administration had closed the borders in August, against neighbouring African countries with the claim of checkmating the illegal activities which have to do with Smuggling of weapons, drugs and the huge lost of revenue from import and export tariffs through the activities of smuggling of food items into the country through the various borders most especially, Seme and Idiroko borders. Kasapreko Company Limited, is the manufacturer of Alomo Bitters, a beverage widely consumed by Nigerians. The company is also Ghana’s largest local beverage manufacturer. The beverage company according to report was able to transport three trucks before the border closure. But now, the company has exhausted its products in the Nigerian market according to Ghanain news website, JoyBusiness report. Explaining the situation further, Mr Adzah said “We managed to send in three trucks of products to the Nigerian market moments before the border was closed.” Mr Adzah Complained further that “In September, the company lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious,” he said. Mr Adzah said the company has been forced to try doing business with other African countries such as Cote d'voire, Senegal, Togo, Benin and other European markets to offset the loss incurred from the Nigerian market due to the border closure. The Ghanaian products, along with Benin and Niger goods enjoy a very large sales in the Nigeria market as a result of the population and better economic situations compare to that of her neighbouring countries. https://ngg.ng/2019/10/22/border-closure-producers-of-alomo-bitters-loses-millions-of-dollars/ 1 Like
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Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by amadiwati(m): 8:35pm On Oct 22, 2019 |
Have talks with the Nigerian government. Set your industry here. 331 Likes 14 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by saintokwuluora(m): 8:50pm On Oct 22, 2019 |
Nigeria forming China and America put together. 225 Likes 15 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by rexchazy(m): 8:51pm On Oct 22, 2019 |
I support Buhari here. I just wish South AFRICA is as close to us as Ghana..ena go learn. Nigeria is ur biggest market and yet u treat Nigerians with disdain. Na still One million Dollars ena lose ena go shout down very soon. It tell we grow Nigeria by buying Nigeria 237 Likes 10 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Wigetsolar: 9:46pm On Oct 22, 2019 |
Adonko and co ![]() � 45 Likes 4 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Zinoly: 10:18pm On Oct 22, 2019 |
Simple..... relocate to Nigeria 181 Likes 6 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by beelon1020(m): 4:37am On Oct 23, 2019 |
[i][/i]last last you go move to 9ja ni... 34 Likes 5 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by iCauseTrouble: 6:37am On Oct 23, 2019 |
Ask Alomo, the truth is bitter ![]() 387 Likes 23 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by SamuelAnyawu(m): 6:38am On Oct 23, 2019 |
![]() 138 Likes 8 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by realestniggah: 6:38am On Oct 23, 2019 |
All of these countries better gather round and go beg buhari 20 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Afamed: 6:38am On Oct 23, 2019 |
saintokwuluora:Na so now.You use what you have to get what you want 58 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by tommykiwi(m): 6:38am On Oct 23, 2019 |
Na Agberos DAT one go affect pass, na their brand. 54 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by david22uu(m): 6:39am On Oct 23, 2019 |
for once i am an IGBO man and i stand with Buhari with this border closure. If they cannot setup here, they should follow the right path 169 Likes 7 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by aspabay(m): 6:39am On Oct 23, 2019 |
He should just send via the sea port. 43 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by funmike83(f): 6:39am On Oct 23, 2019 |
These are part of why the country is not growing, they should go through the normal route or someone in Nigeria should be doing idanre bitters 85 Likes 4 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Resurgent2016: 6:39am On Oct 23, 2019 |
Hope PMB realises that these companies suffering from the border closure will have less or no tax to pay arising from losses being incurred? 1 Like 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Lagbaja01(m): 6:39am On Oct 23, 2019 |
Good riddance to bad rubbish 10 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by aspabay(m): 6:39am On Oct 23, 2019 |
All these people use legitimate business to smuggle illegitimate items. They can go and use the ports. 61 Likes 4 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by SeunStats(m): 6:39am On Oct 23, 2019 |
Bring Back Alomo oo, I can't Bleep without it ooo 8 Likes |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by aspabay(m): 6:40am On Oct 23, 2019 |
They have been taking advantage of the West African trade agreements to defraud Nigeria. 66 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Nobody: 6:40am On Oct 23, 2019 |
Let them look for another market. 5 Likes |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Nobody: 6:41am On Oct 23, 2019 |
Seriously No where you won't find this Alemo Bitters in Nigeria. Anyone that drinks Alemo Bitters and smiles is capable of killing. I wonder what they use. Back to the topic. Just have your company here in Nigeria to avoid border closure and make your money. Alemo Bitters and Sprite is a great combination LA Casere can still go too 19 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Badonasty(m): 6:42am On Oct 23, 2019 |
Na 'Fire' go oose money pass 2 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by govomotors: 6:42am On Oct 23, 2019 |
Why is everyone crying Nigeria, Nigeria, Nigeria. Nigeria Government didn't ban you product. For security and economic benefit, the government close his border or is it a crime again to close your doors and gate. Stop crying and start shipping your product to Nigeria through the sea port. 66 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Midas01: 6:42am On Oct 23, 2019 |
Good. I have never tasted any bitters before. Wonder why people like it so much. By the way, if Nigeria is self sufficient in "bitters" they should increase taxes for all bitters coming into Nigeria. By doing so, the company may be forced to set up a factory here if they weigh that doing so would be cost effective in relation to paying heavy taxes. 17 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by mjaylala(m): 6:42am On Oct 23, 2019 |
This one sweet me die..... Never bite the hands that feed you, after so much disrespect from these countries, ![]() ![]() 22 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Yohh: 6:43am On Oct 23, 2019 |
Neighbouring African countries manufacture and import goods mainly for Nigerians to patronise, yet their people disrespect us.. 41 Likes 1 Share |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by Afamed: 6:43am On Oct 23, 2019 |
Resurgent2016:Are they paying taxes in the first place? They have been taking the advantage of free trade zone among the Africa countries to short-changed Nigeria. The worse is most products are not even produced in all these Africa countries. They sometimes imported them into their countries paid import duty to their countries and find ways to smuggling the same goods to Nigeria. 78 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by emmaoyes(m): 6:43am On Oct 23, 2019 |
Lol... All this lamentation dey totori me seriously... Now feeling like the giant of Africaaa! Their fada! 30 Likes 3 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by thundafire: 6:43am On Oct 23, 2019 |
Government must create a very conducive environment for any company to be set up here and not kill them with tax,dats wat developed country did and look at where dey are 9 Likes 2 Shares |
Re: Border Closure: Kasapreko Company limited Loses Millions Of Dollars by MVLOX(m): 6:43am On Oct 23, 2019 |
now I understand why Ghana dey vex for us so..... 12 Likes |
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