Showing posts with label Erisco food. Show all posts
Showing posts with label Erisco food. Show all posts

Wednesday 5 October 2016

Erisco Foods threatens to fire 1,500 workers, leave Nigeria

The Chief Executive Office, Erisco Foods, Eric Umeofia
An indigenous firm, Erisco Foods, has said it may be forced to shut down its production in the country due to its inability to access foreign exchange from the Central Bank of Nigeria for the procurement of machinery.
The company’s Chief Executive, Mr. Eric Umeofia, said it would lay off 1,500 employees and quit Nigeria for a more favourable business environment if things don’t change.

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