Alomo Bitters Manufacturer Loses $2m To Nigerian Border Closure
The closure of the Nigerian border by the Federal Government has cost a Ghanaian firm, Kasapreko Company Limited, maker of Alomo Bitters the sum of $2 million in revenue.
The company’s head of International Business Development, Francis Holly Adzah made this known in an interview with a Ghanaian news website, JoyBusiness.
He said the company, which had transported three trucks before the border closure, has now exhausted its products in the Nigerian market. “We managed to send in three trucks of products to the Nigerian market moments before the border was closed,” Adzah said.
According to him, four other trucks loaded with products, one at the border and the others at the premises of the manufacturing company, have been left grounded due to the border closure by Nigeria.
“In September, we lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious,” Adzah told JoyBusiness in an exclusive interview.
Due to the border closure, the company said it has been forced to venture into other African regions like Ivory Coast, Senegal, Togo, Benin and other European markets to offset the loss incurred from the Nigerian market.