» Materials for February 2014 year

 

Government Should Introduce Policy That Protects Local Production

Author: john on 3-02-2014, 08:22, views: 3 484

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Lagos — Tower Aluminium will soon be celebrating 60 years of serving Nigerian population with pots and pans, long-span roofing and aluminium extruded profiles used for doors and windows frames.

 

In the last few years, Tower has found it difficult to compete with imported Chinese aluminium coils, which are used for production of long-span roofing and aluminium profiles or extrusions normally used for production of doors and windows frames.

 

In this interview, the Group Managing Director of Tower Aluminum, Chief (Dr.) Jinesh Chandra Dugad, who had in February 2013 cried out to the federal government over the challenges threatening continued production at the nation's aluminum giant, iterates that the local aluminium production sector might just go the sorry way of the local textiles and tyre manufacturing production sectors if the federal government doesn't quickly formulate and sincerely implement the vital policies to save it.

 

Last year, you addressed a press conference lamenting the challenges facing the aluminum sector, especially the Tower Aluminum Company that is the only surviving aluminum coils manufacturing company in the country. One year after, has there been any policy change to ameliorate the problem?

 

While some serious work has been put in place by the Manufacturers Association of Nigeria (MAN) and the Minister of Industry, Trade & Investment, work which has recognised the need to protect the aluminium sector, there has been no firm action so far to protect the producers of aluminium coils and aluminium profiles against unfair competition mainly from China. Since last February when we met, there has not been any policy change. As we understood, the Common Economic Tariff (CET) of the Economic Community of West Africa States (ECOWAS) which was to expire in December 2013 was being reviewed and there could be revision of duty. It is already 2014 and the ECOWAS-CET duty structure has now been extended and will be revised in January 2015. 

 

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