Home Business FG urged to support the production of 450m dozen pencils annually
Business - October 24, 2019

FG urged to support the production of 450m dozen pencils annually


A Pencil production plant as Nigeria’s government set to commence local production

The Managing Director, BAMIB Resources and Investment Company Limited, Mr Muideen Ibrahim,  has called on the Federal Government to support the company to increase its production to 450 million of pencil dozen per annual.

Ibrahim told the News Agency of Nigeria (NAN) in Abuja that the company currently produced 2.4 million dozen per annual.

He also urged the Federal Government to provide facility and enabling environment for the company to expand its production.

“You know what we call economy of scale; when we have facility, we can scale up and that can bring the price down so that we can use that to compete with favourbly with our foreign competitors.

“Four hundred and fifty million dozen production per annual means that we are going to increase our staff strength, double or even triple our capacity with respect to production and staff strength.

“Also, it will in turn create employment, address the dearth of pencil and help the country to stop the importation of the product,’’ he said.


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