The Paint Manufacturers Association of Nigeria (PMAN) has lamented scarcity of foreign exchange, just as they have expressed angst over the rising cost of raw materials and packaging inputs required for production.
Shedding more light on the plights of his members, the chairman of PMAN, Mr. Ambolu Babatunde stressed that industry is still struggling with the effects of the shutdowns in 2020.
“They have also made the business environment unfavourable and unattractive to investors. With these challenges, our products will be uncompetitive when the African single market eventually takes off,” he said.
Read Also: LIMCAF paints Enugu red
Babatunde spoke at the PMAN Nigeria 2022 coating show tagged, ‘Maximising the opportunities of the African Continental Free Trade Area in post-COVID-19 era” in Lagos.
“We urge the government to come to our aid by coming up with policies and programmes that will stimulate activities in the paints industry in particular and the manufacturing sector in general.”
He however, assured paints users in the country and Africa that PMAN is committed to transiting to the reformulation/production of lead free paints for healthy environment even as monitoring and enforcement are billed to commence soon.