Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Ceramic tiles imports into Nigeria to hit N761 billion 

Chidinma Nwagbara by Chidinma Nwagbara
December 2, 2019
in Business News, Politics
Ceramic tiles imports into Nigeria to hit N761 billion 
Share on FacebookShare on TwitterShare on Linkedin

The importation of ceramic tiles into Nigeria, would by 2025 hit $2.1 billion, which amounts to over N761 billion. A Professor of Ceramics Engineering, Patrick Oaik-hinan, gave the figure on the sideline of the launch of Oaikhinan Ceramics Foundation in Lagos.

According to The Nation, Oaik-hinan lamented that despite Nigeria’s potential growth for ceramics, its import bill was huge.

 The professor, however, made known that the huge import bill was as a result of the gradual destruction of ceramics manufacturing in Nigeria, which according to him, was witnessed in the 1950s and 1980s when five international ceramic manufacturing companies located in different parts of the country went moribund.

RelatedPosts

FG to tax Shisha N3,000 per litre

FG approves reforms to boost non-oil revenue to N3.8 trillion annually

Ceramic tiles imports into Nigeria to hit N761 billion 

 Oaik-hinan added that the ceramics industry was further affected by focus on crude oil production.

 “Currently, there are nine operating ceramic companies in Nigeria, eight for tiles and one for sanitary ware, and they operate under various capacities. Ceramics (ROYAL) is the oldest major manufacturer of ceramic tiles and is closely followed by PNT.

 “The average production capacity is 40,000-45,000 square meter per day for the eight manufacturing companies combined. I thank the Chinese for 100 per cent investment in six out of the eight ceramic tile companies, and the Indian with investment support for the remaining two tiles companies,” he added.

[READ MORE: Nigerian pencil industry in dire need of investment, govt support – stakeholder]

What you should know: In Nigeria, the Ceramics industry had played a significant role in catering for the common man and boosting the economy at a point. However, it was faced with multifaceted problems which encumbered its performances.

In order to resuscitate the ailing Ceramic industries in the country, some measures must be put in place.

The measures include – reliance on abundant local raw materials to substitute imported inputs; provision of funds to enhance production; ensuring a good management system, and provision of technical assistance through international bodies, amongst others.

Related

Tags: Ceramics industry in NigeriaOaikhinan Ceramics FoundationOn the MoneyPatrick Oaik-hinan

Comments 1

  1. igwe David says:
    June 28, 2022 at 9:20 am

    it’s unfortunate Nigerian government today has abandoned all the ceramics industries in her country. and channel all attention to crude oil. I could remember those days around 1999. my dad bought some ceramics eating plets and cups from the small scale ceramics producing company at okigwe imo state, which we still make use of today. I still believe Nigeria can create more jobs for her youth by investing in ceramics industries in Nigeria.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • DEAL: Nigerian startup, Moove secures $20 million credit from British International Investment
    • VAT collections up in Q1 2022
    • FG to tax Shisha N3,000 per litre

    Follow us on social media:

    Recent News

    Drivers to receive $23 million funding from Uber Nigeria’s partner

    DEAL: Nigerian startup, Moove secures $20 million credit from British International Investment

    June 30, 2022
    VAT collections up in 2021

    VAT collections up in Q1 2022

    June 30, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com