•To promote local production of goods
The Abuja Chamber of commerce and Industry, (ACCI) has introduced polystyrene into Nigeria’s manufacturing sector to promote local production of goods hitherto imported.
This was disclosed by the media aide ACCI and Chief Executive Officer of FERATTO Industries, Mr. Jude Igwe, who expressed worry over the growing rate of dependency on imported goods in Nigeria.
Igwe stated this on Thursday in Abuja during a facility tour of the industry , where the polystyrene is being converted into several finished products.
He explained that polystyrene is a versatile plastic used to make a wide variety of consumer products.
Speaking during the visit, Igwe noted that the polystyrene material serves a wide variety of uses which will help Nigeria become industrialized and boost employment of her teeming population.
He also noted that the polystyrene project is cost effective and is being used to produce and launch new products into the African market.
He said: “I saw that importation of finished goods have given jobs to manufacturing companies outside Nigeria, so instead creating jobs outside Nigeria, why not create here. So I started the polystyrene sector because I saw it can be achieved.
“The product can be used to make a lot of finished products like, panels, sandwich panels, building materials, insulation and a variety of others which are yet to be explored”.
On the level of acceptance, the CEO explained that the product initially faced a challenge of being accepted into the industrial market as people questioned it’s durability and quality. He however informed that the challenges were dealt with and the product is gaining rapid acceptance.
Speaking, the President of ACCI, Prince Adetokunbo Kayode, also explained that the polystyrene project is cheap and insulated.
Kayode said the product will support government in delivering affordable housing to Nigerians.
He urged the federal government and relevant ministries, parastatals in the housing sector to key into the project and help expand it.