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Operators confident despite forex, smuggling challenges

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Managing Director, Mouka Limited, Raymond Murphy

Some local manufacturers have expressed confidence in the nation’s real sector despite the harsh business environment bewildering the manufacturing sector.

Specifically, the Managing Director, Mouka Limited, Raymond Murphy, explained that access to foreign exchange to carry out production activities has been challenging over the past few years, but stated that his company has been able to surmount the challenge with the help of its financial partners.

Murphy said apart from issues with forex, the company in partnership with regulatory agencies, has been able to stamp out unscrupulous individuals who fake its brands of products.

The Mouka boss while addressing a press briefing preparatory to the firm’s 60th anniversary said: “We work with our banks to manage our forex situation, but it has been challenging in the past few years, but we have been able to overcome that challenge.

“In terms of smuggling, we see that these people try to fake successful brands in some ways is a sign of recognition, but we have taken actions against this and have stamped these unscrupulous elements very hard by working with regulatory agencies and we have also taken criminal proceedings against these individuals.”

According to him, the company’s core values are hinged on its workforce, business partners, shareholders and esteemed loyal consumer base, adding that firm continues to maintain its position in the foam market space.

The firm was also endorsed by the Nigeria Association of Orthopaedic Manual Therapists (NAOMT) for its consistency in quality delivery and innovative mattress production in the country.

National President of the association, Dr. Onigbinde Ayodele, described the endorsement of Mouka as an offshoot of a detailed assessment of the brand’s orthopaedic mattresses.

The Head of Marketing, Mouka Limited, Tolu Olaonipekun, assured loyal customers of the company’s commitment to meet their needs with quality and innovative products.

She stated that Mouka in its continued drive to add comfort to life, has launched its next generation of mattresses and pillows, the Mondeo Spring Mattress and six varieties of new generation pillows.


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