New Telegraph

CICAN: Former LCCI DG to deliver key topic on forex challenges

Developments in the country’s foreign exchange (forex) segment of the economy and its impact on the local industries in the manufacturing sector are expected to take center stage at the Commerce and Industry Correspondents Association of Nigeria (CICAN) 2021 workshop and awards today.

The workshop, which has as theme: “Impact of forex crisis on the real sector & MSMEs,” is expected to attract economic experts and captains of industry in the manufacturing, SMEs and financial institutions in the country. The event is taking place at Sheraton Hotel & Towers, Ikeja, Lagos, at 4pm prompt. A statement made available to New Telegraph by the Chairman, Planning Committee of CICAN, Barnabas Eshiet, and signed by the Chairman of the association, Mr. Charles Okonji, disclosed that Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), and immediate Past Director-General of Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, would be the guest speaker at the event, which will center on the impact of the scarcity of FX on the country’s manufacturing industry in particular and the economy at large.

The CICAN chairman added that distinguished captains of industry and outstanding individuals would receive CICAN’s prestigious award for their great performance and contribution to the development of Nigeria’s manufacturing sector. The statement added that some of the awardees included His Royal Highness, Igwe Chris Oranus, the Managing Director/ Chief Executive Officer, Kris Oral Group of Companies: Malinson Afam Ukatu, the Managing Director/ Chief Executive Officer of Nipson, whose firm pioneers tiles production in Nigeria; Mr. George Onafowokan, the Managing Director/Chief Executive Officer, Coleman Wires & Cables, who is been recognize for the great strides of his firm in wires and cables manufacturing and Engr. Bede Egwu Obayi, FNSE, Director, National Metrology Institute (SON), for his passion for standards compliance.

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