Wednesday, March 3African Business News
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Tag: CIPPON

Infrastructure, weak policy push printing losses to N3tn

Infrastructure, weak policy push printing losses to N3tn

Business
Discrepancies between duties on imported books and materials used for printing, the collapse of paper mills and importation of printed materials may have caused a loss of over N3 trillion, the Chartered Institute of Professional Printers of Nigeria (CIPPON) has said. Although President Muhammadu Buhari had signed Executive Order Five to increase the patronage of local firms for products and services readily available in the country, CIPPON accused ministries and agencies of awarding printing contracts to foreign firms. President of the institute, Olugbemi Malomo, who spoke in Abuja said printed materials are imported into the country as education attracts almost zero duty. This development, according to him, has paved the way for unrestrained importation of printed materials. ...