Chambers of Commerce seeks revamp of paper industry
By Moses Uwagbale
The President, Lagos Chamber of Commerce and Industry (LCCI), Mrs Toki Mabogunje, has urged government at all levels to put in place measures to revamp the paper and pulp sector in the country.
Mabogunje spoke at the ongoing Lagos International Trade Fair, at an event where FAE Limited, Nigeria’s leading paper packaging manufacturer, unveiled a new product.
She said that government needed to ensure that the operating environment was conducive for the industry players, to enable the sector to perform at optimal capacity.
“The industry has not been performing at optimal capacity over the years due to several structural challenges, including abysmally weak domestic milling capacity, tough operating environment, policy flip-flop and poor infrastructure.
“These challenges have made it increasingly difficult to attract and sustain private investment.
“The sector has for long depended on importation and this is a downside risk to the sustainability of the paperwork industry.
“Government at all levels need to show commitment by engaging measures that would revamp the sector and at the same time create conducive operating environment for businesses,” she said.
FAE Limited, at the event, unveiled its Radio-Frequency Identification (RFID)-Blocking Automated Teller Machine (ATM) card cover as a solution to electronic pickpocketing.