The Chief Operating Officer (COO) of MicCom Cables & Wires Ltd, Mrs. Bukola Adubi, has said that the company engages in intentional training of fresh graduates to make the cable industry attractive to more professionals.
Over the years, MicCom Cables & Wires has developed a culture of investing in building the capacity of its workforce by training them in-house, locally and sometimes send them overseas for special trainings. As a result, the company is able to retain its employees for longer time — keeping most of them for more than 20 to 30 years in the system, which enables transfer of skill set through internal trainings.
Adubi who identified dearth of good and experienced personnel in the cable industry as a challenge, also listed sub-standard and adulteration of cable brands, and failures to implement local content laws by some government agencies as challenges confronting cable manufacturers.
Speaking in an interview with Majorwaves, Adubi who is also the President of Cable Manufacturers of Nigeria (CAMAN), noted that there is an estimated loss of several hundreds of millions of naira monthly due to fake, substandard or adulterated cables in the market.
Making a case for duty waiver on raw materials for cable manufacturers, she described duty waiver as an offshoot of financing and competitiveness, adding that if an accredited manufacturer is given waiver on their raw materials, it will make them competitive and enable them to be able to compete with Asian and other European imports.
President Muhammadu Buhari signed Executive Order 3 (EO3) and Executive Order 5 (EO5) to deepen local content in Nigeria. Speaking on how the EO3 and EO5, as well as the local content laws have aided the operations of cable manufacturers, she commended the Nigerian Content Development and Monitoring Board (NCDMB) for its efforts in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) act and encouraged other agencies like the Transmission Company of Nigeria (TCN), Rural Electrification Agency (REA), among others to follow suit.
She said, “We have not really been enjoying this to the height we should be. The one industry that has fully supported and implemented this on our behalf is the oil & gas industry. The NCDMB under the direction of the Executive Secretary, Engr. Simbi Wabote has done great things for the industry and we are very thankful for this. We pray the other industries and parastatals follow suit.”
MicCom Cables and Wires Ltd is an ISO 9001:2015 certified company, which has received various awards & certifications. The company, which is known for manufacturing international standard cables, has a huge market share in the West African subregion.
MicCom Cables & Wire Ltd is the first indigenous cable manufacturing company in Nigeria. Its business journey started in 1978 and has ever since produced quality cables and wires for the local and international markets.
