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Industrialist seeks enabling environment for job creation 

By Gloria Nwafor
23 November 2021   |   2:42 am
The Chief Executive Officer of Princi Wines Nigeria, Emeka Chinaka, has advocated an enabling business environment from the government to help investors set up factories

The Chief Executive Officer of Princi Wines Nigeria, Emeka Chinaka, has advocated an enabling business environment from the government to help investors set up factories that would generate employment for teeming youths. 
 
He argued that a hostile business environment in the country impeded most investors, who wanted to set up factories in the country.

 
Speaking at a press conference, Chinaka said that his company, which currently imports varieties of wines from France, is facing a hostile environment, which impedes him from setting up wine factories in Nigeria, where more jobs could be generated.
 
He implored the government to address some of the challenges like insecurity, which is keeping investors away from investing in the country. 
 
“We import these wines, but it would be better for us and the government if we set up similar factories here. We are in partnership with Ginestet in France and in the nearest future, we will bring the technical know-how home. By doing so, we will be creating jobs and adding to Gross Domestic Product (GDP), but the government must create that atmosphere for businesses to thrive,” he said.
 
Chianaka revealed that many Nigerians in the diaspora are not coming home to invest and do business because the cost of doing business in most countries, even within African countries, is cheaper than the cost of doing business in Nigeria. 

He plans to deploy his wealth of knowledge, especially in the pharmaceutical sub-sector to impact the health of Nigerians. 
 
“I run a pharmaceutical company in the United States but would replicate same here because the number of pharmaceutical companies in Nigeria is insufficient,” he said.

 
 

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