The Managing Director, Coleman Wires and Cables Limited, George Onafowokan said in an interview that Nigeria is the only producer of high-voltage cables in West Africa and the sixth country to adopt the technology in Africa.
Onafowokan attributed this development to many factors, including: strategic planning, commitment, perseverance, training, skilled workforce, Nigerian Content Act and support of the Nigerian Content Development and Monitoring Board (NCDMB) as well as the Bank of Industry (BoI).
According to the Managing Director, “Nigeria is now a one-stop-shop that produces a wide range of cables such as make house wire cables, distribution cables, armoured and non-armoured cables, communication cables, control cables, solar cables and high voltage cables, thus making us the only producers of high voltage cables in West Africa. We also produce high voltage cables, thus making Nigeria the 6th country in the continent to do so”.
He said the industry had grown and will continue to grow from one level to another, apparently because operators believe in long term and strategic planning, adding that “what we’ve achieved was all in duration of less than 20 years”.
Onafowokan, who acknowledged the roles of the Nigerian Content Development and Monitoring Board, NCDMB said, “the NCDMB has extremely impacted the industry within a short period of time. Specifically, the industry has gone from one level to ten levels in the past two years. Some of the projects we have done were driven by the Local Content Act of 2010. We were encouraged to go into the high-voltage cable production and currently planning to go into EPR Rubber cable production”.
Speaking on the support from Bank of Industry, Onafowokan said “we got financial support from the Bank of Industry. It has been a great impact on our development. Without the BoI, we would not have grown to the extent that we have because if you depend solely on the commercial banks, you will not make much progress because they charge very high interest rates”.