DIFFICULTY to accessing foreign exchange to bring in Completely Knocked
Down (CKD)parts have started crippling tricycle and motorcycle
assembling plants in the country with spillover effects on outsourcing
companies that supply labour to the industry.
A reference point is Dag Motorcycles Industries Nigeria Limited, the assemblers of Bajaj tricycles and motorcycles.
Ademuyiwa Abe , the company’s Secretary/Legal Services, said the firm
has been forced to cut down its 1,000 per day production capacity by 40
percent and terminated the services of Ashton Consulting Ltd, who
supply the labour, until the situation improves.
According to him, the forecast for the Nigerian economy for 2016 is
not looking too good, hence, we were forced to cut back on some of our
operations.
