Erisco Foods Limited Thanks President Tinubu For The Declaration " Of Nigeria FIRST Policy

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 Erisco Foods' Chief Executive Officer,Dr Eric Umeofia, has expressed gratitude to President Bola Ahmed Tinubu for the "Nigeria First" policy, which prioritizes local businesses and products. This policy is likely to benefit Erisco Foods, a major player in the Nigerian food market, in several ways.

*Key Benefits of the Policy


- Focus on Local Production: The policy promotes the growth and development of local industries, including food production, directly benefiting Erisco Foods.

- Increased Market Access: Preferential treatment for local companies in government procurement and market access could make it easier for Erisco Foods to compete and expand operations.

- Support for Local Businesses

 A supportive ecosystem for local businesses would enable Erisco Foods and other Nigerian food companies to thrive.

- Boost to Local Economy

 Prioritizing Nigerian products could boost demand for Erisco Foods' products, leading to increased sales and revenue.

- Favorable Business Environment

 The policy creates a more favorable environment for local businesses, making it more likely for Erisco Foods to grow and thrive in the Nigerian market.



In a recent development, Erisco Foods has been operating below capacity due to policy inconsistencies and frustrations from government agencies. Umeofia noted that the company's factory is operating at just 10% capacity, and poor policy implementation has crippled the manufacturing sector. However, with the "Nigeria First" policy, Erisco Foods may experience improved support and increased demand for its products 

     ©Richlist magazine International

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