EKEDC, Coleman seek tax waivers on cable manufacturing

A recent inspection tour by Eko Electricity Distribution Company (EKEDC) officials to Coleman Technical Industries Limited's factory in Sagamu has highlighted a critical need for government support for indigenous manufacturing. The EKEDC delegation, led by Head of Supply Management and Sourcing, Engr. Maurice Osogbo, expressed profound admiration for Coleman's advanced production capabilities, including its self-sufficient power generation.

This visit underscores the potential of Nigerian companies to not only meet domestic demand but also to become significant players in the regional market. Engr. Osogbo's call for tax waivers and incentives is a direct appeal to the government to foster an environment where such industrial giants can thrive. The sentiment is clear: investing in local manufacturing is investing in Nigeria's economic future, creating jobs, boosting foreign exchange, and enhancing our competitive edge.

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I am super impressed and blown beyond measure by what we have seen here. This is something you only see in international documentaries, and it is happening right here in Nigeria. The government needs to support companies like this with tax waivers and incentives to encourage local manufacturing and help them scale.

Coleman Technical Industries Limited exemplifies the kind of industrial prowess that Nigeria should be championing. The company's ability to produce high-quality cables locally, meeting international standards, is a source of national pride. However, without targeted policy support, including crucial tax incentives, scaling production and expanding into international markets remains a significant challenge. The EKEDC's endorsement serves as a powerful testament to Coleman's capabilities and reinforces the urgent need for government intervention to unlock Nigeria's full manufacturing potential.

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This facility is mind-blowing and a source of national pride. Companies like Coleman deserve strong government backing to thrive. I am concerned about whether they are benefiting from any tax waivers, because such support is critical to improving their competitiveness.