Strategic Planning for Businesses Dependent on Imported Raw Materials Let me describe a reality that too many Nigerian business owners know too well. The exchange rate moves and your cost of goods changes overnight. A port congestion episode delays a critical shipment and your production line slows. A new import restriction arrives and a material that was routine to source…
Restructuring Nigerian Manufacturing Companies Facing High Energy Costs Let me tell you about a specific kind of commercial despair that Nigerian manufacturing leaders are experiencing right now. It is not the ordinary pressure of competitive markets. It is not the usual challenge of economic cycles. It is the despair of watching the cost of producing a unit of output increase…
Mergers as a Survival Strategy for Nigerian Manufacturing Companies Let me tell you something that too many Nigerian manufacturers are learning the hard way. The pressure you are feeling is not going away. Energy costs that are among the highest in the world relative to productive output. Import-dependent raw material supply chains perpetually vulnerable to naira movements. Competition from imported…
