Chinese manufacturer laments unregulated aluminium importation to Nigeria
Written by crest887fm on June 28, 2021
The unregulated importation of Aluminium profiles is killing its local production in Nigeria, the Vice Director of Rongtai Aluminium, Joneay Lei, has said.
According to him, there is a large number of importers who bring in the product and sell below cost price, adding that the uncontrolled importation was not helping local production.
The Chinese producer, who raised these issues in an interview with journalists in Abuja, said that lack of protection for local producers could hurt the aluminium market and discourage new investors from coming into the business.
Lei said, “The challenge we are facing is that there are too many importers, especially the small-scale ones; they group together to bring just one or two containers in a month.
“In order to pay off the money they owe their suppliers from China for the goods in time, they would sell way below market price, which is affecting the market order in a serious way.”
He said plans were already on to discuss the challenges with the Manufacturers Association of Nigeria so as to seek possible solutions.