“When the first container is loading, we will all witness it. This is huge because it is reversing back. That is a huge revenue for the country in terms of exchange rate. That is an important milestone that we targeted in the last two years,” he said.Mr Kumral said the syringe company is working on raising its production capacity from 400 million capacity per year to between 800 million or one billion. “We will, hopefully, do that at the end of 2022,” he added.
Apart from Jubilee Syringe, the Turkish businessman and investor also owns a flour mill, Kings Flour Mill and a construction company, VKS Construction Ltd, in Akwa Ibom.His business employs about 2,000 persons directly and 25,000 indirectly, he said.“During this post COVID-19, to bring materials, starting from timber, aluminum to steel, have been raised to about 70 per cent on dollar prices because of supply and demand problems. The transportation to Nigeria from Europe is about double now.
Very good, the manufacturer should please maintain world accredited standard. We need more of good things like this to make this country export oriented country and this would bring more dollars into our national purse.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaharaReporters - 🏆 9. / 63 Read more »
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Source: LeadershipNGA - 🏆 4. / 77 Read more »