In the entire of West Africa, Nigeria is the one producer of high-voltage cables and the sixth nation to undertake the know-how within the Africa.The Managing Director, Coleman Wires and Cables Restricted, George Onafowokan, mentioned this in an interview on Wednesday.He attributed its progress within the sector to many elements, together with: strategic planning, dedication, perseverance, coaching, expert workforce, Nigerian Content material Act and help of the Nigerian Content material Improvement and Monitoring Board (NCDMB).
Onafowokan mentioned: “Nigeria is now a one-stop-shop that produces a variety of cables similar to make home wire cables, distribution cables, armoured and non-armoured cables, communication cables, management cables, photo voltaic cables and excessive voltage cables, thus making us the one producers of excessive voltage cables in West Africa. We additionally produce excessive voltage cables, thus making Nigeria the sixth nation within the continent to take action”.
He mentioned the trade had grown and can proceed to develop from one stage to a different, apparently as a result of operators consider in long run and strategic planning, including: “What we’ve achieved was all in period of lower than 20 years. “For me, one of many main driving forces has been ourselves and the group. For me, as a group lead, I’m one which believes within the Nigerian dream; one which believes that we must always not promote imported cables. So, Coleman has an ordinary rule, it doesn’t promote any cable it can not produce.
“We’re extremely dedicated to them. Already, many individuals and organisations have recommended us for such dedication. Our emphasis has at all times been on coaching Nigerians to take over, believing that Nigerians have the flexibility to play even technical roles that we predict we will’t. So, it’s all about coaching, and capability constructing.” Onafowokan, who acknowledged the roles of the Nigerian Content material Improvement and Monitoring Board, NCDMB mentioned: “We obtained monetary help from the Financial institution of Trade (BoI). It has been an ideal affect on our improvement.
“With out the BoI, we’d not have grown to the extent that now we have as a result of in case you rely solely on the business banks, you’ll not make a lot progress as a result of they cost very excessive rates of interest. In actual fact, the rates of interest will kill you as a result of even when a business financial institution provides you a five-year mortgage, charging you 25 per cent each year, you’ll pay greater than double the cash by the point you end paying.”
He mentioned: “The NCDMB has extraordinarily impacted the trade inside a brief time frame. Particularly, the trade has gone from one stage to 10 ranges prior to now two years. Among the initiatives now we have executed have been pushed by the Native Content material Act of 2010. We have been inspired to enter the high-voltage cable manufacturing and at present planning to enter EPR Rubber cable manufacturing.
“For the oil and fuel trade, it will do one thing now we have by no means executed earlier than. Take the case of Egina Floating Manufacturing Storage and Offloading (FPSO) platform for instance. It was a sport changer for us as a result of we solely produced about three per cent of the cables used. However this rubber insulated and sheathed cable manufacturing unit would produce 100 per cent of the cables of the FPSO in Nigeria in addition to different oil and fuel refineries initiatives just like the NLNG Prepare 7.
“As well as the cables are additionally used within the marine vessels and within the mining trade. We additionally stay up for participating in lots of different initiatives within the oil and fuel trade.”