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November 18, 2019
Nigerian News

Ghanaian Alomo Bitters manufacturer laments $2m loss to border closure

– The border closure by the Nigeria government has cost Kasapreko Company Limited about $2 million in revenue, the company has said

– Kasapreko, the manufacturer of Alomo Bitters, says the situation is getting out of hand and very serious

– According to the company, it managed to send in three trucks of products to the Nigerian market moments before the border was closed

Kasapreko Company Limited, the manufacturer of Alomo Bitters, has lost about $2 million in revenue following the border closure by the Nigeria government.

The disclosure was made by the company’s head of international business development, Francis Holly Adzah, Vanguard reports.

Legit.ng gathers that Kasapreko, which is Ghana’s largest local beverage manufacturer, said it was able to transport three trucks before the border closure.

Adzah said: “We managed to send in three trucks of products to the Nigerian market moments before the border was closed.

“In September, we lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious.”

According to the company, it has been forced to venture into other African regions like Ivory Coast, Senegal, Togo, Benin and other European markets to offset the loss incurred from the Nigerian market due to the border closure.

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Meanwhile, Legit.ng previously reported that the minister of foreign affairs and regional integration in Ghana, Shirley Ayorkor Botchwey, said that the West African nations would use diplomatic means to bring about the re-opening of all closed land borders in Nigeria.

In a meeting with Nigeria’s high commissioner to Ghana, Olufemi Michael Abikoye, Botchwey, said that the border closure order of the federal government had prevented Ghanaian goods at Seme border from entering Nigeria.

NAIJ.com (naija.ng) -> Legit.ng We have updated to serve you better

Border Closure: Traders lament unbelievable price hike of foodstuff in the market| Legit TV

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https://www.legit.ng/1269121-border-closure-we-lost-2m-ghanaian-alomo-bitters-manufacturer-laments.html

Author: NAIJ

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