Ojikutu, CMS Naija boss: Producing locally more profitable than going to China | Penzazo
Rudy Boy express Shock over a $2 Million Request DM on IG.        Donald Duke claims he has the answers to make Nigeria right.        Examiners disclose how private schools promote exam malpractice        Henry gets pushed aside by Monaco, PSG sweat over Neymar        Nollywood Actress Kate Henshaw Announced Judge For CBS Global Talent Show        Okorocha removed as APC Imo campaign coordinator        Police DIGs retire        Aso Rock Gust Buhari, host Mbaka        Yemi Alade thanks fans as she hits 100m Followers on YouTube.        Fire outbreak in Kano state University of Science and Technology        Omole Appointed as EKSU Pro-Chancellor        French Quiz Contest Introduced in Lagos Secondary Schools        Atiku Declares Davido Is The 'Reigning King' Of Nigerian Music        Los Angeles City Council , Stephanie Okereke Gets Special Recognition For Her Film 'Dry',        Expensive Items Recovered From Yahoo Boys In Ibadan        Be neutral Come 2019 Election Atiku urges security agencies        saved from crash,Vice-President Osinbajo explains why.        we’re very conscious of the promises we made when we were coming in in 2005.” President Muhammadu Buhari        JAMB Registers 1.2 million Candidates in 26 days        'illegal film upload is a sin against God and filmmakers ' Uche Jombo        Davido Aeact over being the Reigning king of Music in Nigeria        Gov. Ben Ayade presents N1.043tn budget estimates for 2019        Buhari to Visit Lagos Grounds Sports-city over Campaign        Flying Eagles World Cup Ticket Delayed by S’Africa        End ASUU Strike, Saraki Urges FG        Benue Oil Search to Commence soon, Says Buhari        Lava to lounche affordable mobile devices in Nigeria,        Facebook to provide users tips on protection of privacy        Fr. Mbaka to journalists about 2019 election        fear as NSE turnover nosedives by 42.38% in January        Nnamdi Kanu to Biafrans “ renew your slave status in Nigeria by voting''        congratulations new NLC leadership, President Buhari        Ortom claim Benue belongs to Buhari        I won’t change vote me, Buhari to Nigerians        INEC, we are yet to review our position on Rivers APC.        ''PDP will will return to power'' says Ekweremadu        PDP members to APC in Akwa Ibom        22 aircraft to fight Boko Haram, other crimes acquired by Air Force        Femi Odugbemi Reasons why MTF is investing in young filmmakers.        Wole Arole: I was told my movie would flop,        Teni gets emotional on stage As she goes Global        media hub on campus Nigerian student launches        students involvement in cult clash debunk by AAUA management        Malam Adamu Adamu: ‘FG will demolish illegal higher institutions’        ASUU, FG resume meeting To over Strike        ''Probe UTME registration fraud'' JAMB asks UNIBEN        Game of Thrones: Prequel gets Filming Date        Another Nigerian up for a Grammy this Weekend, Meet Ibra Ake        Fire outbreak: fire razes 70 shops in Kano market        Festus Keyamo: ''I never said President Buhari’s memory loss is normal''        Manchester United midfielder could break hearts at Old Trafford with this move        Nigeria Regain 4th position in Africa: FIFA rankings        Qatar’s players wins Asian Cup        Anthony Joshua: now global icon for Globacom        JoshuaWizkid, Davido winners at Africa’s Future Awards        Buhari: Consumer protection bill sponsored by Andy Uba approved        Former Miss Universe Torres cries to God over Cancer Attack        World Bank chief gose unopposed for 2nd term        Atiku Val to restore peace to Borno        INEC lists 13,637 corps members as ad hoc staff in Lagos        Tottenham VS Arsenal at Wembley as stadium wait goes on        super Sunday clash: Man City’s Aguero, Chelsea’s Higuain        Messi unable to inspire Barca winner as Madrid hold on for draw        Aigbogun targets win against Niger.        Digitization of services by Stanbic IBTC        Ojikutu, CMS Naija boss: Producing locally more profitable than going to China        21 Savage arrested, faces deportation.        Amaechi: If You’re Hungry, Blame PDP        18 roads in Lagos to be shut down for Buhari.        UEFA: PSG president Al-Khelaifi elected to executive committee.        Policeman killed in Ekiti while chasing armed robbers        Righteousness Alone Will elevate Nigeria.        Juliet Ibrahim Declaration “Thunder Strike Any Man Who’s Dating More Than One Woman”        ASUU suspends strike, ask lecturers to resume        ASUU: Why we called off strike        ''Postpone elections'' Rivers APC to INEC        ASUP directs chapters to hold referendum on suspension of strike        First campus TV in West Africa launched by UNILAG        ACPN to Ezekwesili ''Return our money or risk legal action''        Olamide Drops Smashing Song “Woske”        Has BOKO HARAM been defeated        Over 100 Nigerians languish in Chadian prisons, says Embassy        UK police confirm Sala’s dead body.        Buhari speaks on Nigeria in Ilorin        UN official blasts Buhari over top judge's suspension.        JAMB: We are ready to conduct 2019 UTME        Sarri unmoved despite Chelsea’s loss to Man City        We need peaceful and credible elections Nigerians in U.S. call out,        Facebook and Google news should be regulated, Cairncross Review says        Opinion Polls: Buhari will win        Troops attack in Adamawa        ‘I’m confident of winning’, Buhari        Ajimobi: reasons for my Senatorial return.        How PDP, Olusola lost Ekiti ele        APC in Cross River Confusion over judgment        Okowa to establish technical colleges in 25 local govt areas        250 filmmakers benefit from NFVCB grant in Ogun        Cardi B, Drake, Lady Gaga leads Grammy Awards awards chart        Lagos artistes declare support for Buhari, Sanwo-Olu        Penzazo: Spell the word "Valentine"        What will you use to surprise your spouse on valentine day?        what is your 2018 best song | Penzazo tv | street interview        Who murder jesus | Penzazo        PENZAZO TV: Can you marry a pastor        "80% corper's and students can't recite Nigeria pledge" PENZAZO TV        How romantic are Pastors | Penzazo tv        PENZAZO TV: Who is a whistleblower        At what Age will you like to get married and why | street interview | penzazotv        Can you marry someone for Money. PENZAZO TV        Wizkid's Stew vs Davido's Assurance        PSG gun down Solskjaer Man United for reality check        Ramsey signs 4-year deal with Juventus        Ramsey signs 4-year deal with Juventus        Nigeria, Mali clash for final ticket        England World Cup winner Banks dies at 81        Two arrested by Cyprus police over Super Eagle’s Uzoho probe        Apple quietly makes billions from Google Search each year.        Measuring returns on social media investment        Unlike APC, I won’t disappoint Nigeria -Atiku        FULAFIA 2018-2019 academic Session Resumption Date.        Resumption Date for UNIJOS        JAMB 2019 UTME Registration Situation Report So Far        JAMB: We Are Ready For The Conduct Of The Exam        ASUU Strike Lowers Nigerian Tertiary Institutions Ranking        Buhari names projects for South East        21 Savage granted release        SEASON OF LOVE        INEC offices on fire.        PDP alleges manipulation of voter register.        Police raid homes to stop Valentine’s Day celebrations says it promoted Western decadence and casual sex.        91m Nigerians living in extreme poverty        United Christian leaders forum endorses Atiku        Rowd hits Katsina for Buhari        Argentina, Uruguay, Chile, Paraguay make joint bid for 2030 World Cup        Arsenal lose at BATE as Inter, Sevilla, Benfica win        Nnamdi Kanu calls off election boycott.        Simeone signs new Atletico contract until 2022.        Ahmed Musa’s brand new Mercedes Benz V Class 2019 Zero KM.        filming ‘Jumanji 3’ kicks off on Valentine’s day        New R. Kelly sex tape under investigation,"        Davido to appear on TV show, Comedy Central Roast in South Africa.        joins 2face Idibia to encourage peaceful voting on Saturday        Sterling Bank Leverages Entertainment To Raise Cancer Awareness.        Kaduna South Senatorial election goes to PDP        Breaking: Buhari wins presidential election in Kogi        Kogi West leads by Dino Melaye        INEC announces Buhari winner in Ekiti        Sen. Boroffice :Why APC loses to PDP in Ondo        Election: Atiku takes lead in Rivers        Presidential election: APC wins 6 additional LGAs in Kano        Operators foresee mixed performance in equity market over Presidential Polls        Buhari: I’ll wait for INEC, not depend on rumours over Election results        Attack on corps members on election duty in Anambra confirmed        "I did't congratulating APC senator-elect" Saraki        ECOWAS observers advise candidates "Accept results in good faith"        Buhari beats Atiku in Lagos with over 130,000 votes        R.Kelly granted $1m bail        Gunmen kill policeman accompanying election results in Ogun        My spiration is to win an Oscar award next year -Omotola        Ohanaeze raises alarm on situations in Lagos, Imo over Election        Returning officer-I declared Okorocha winner under duress        Buhari in Benue State.        Private Life, Outspoken Music -LadiPoe        Buhari wins 10 in 17 states        We demands adequate security for INEC offices -Akwa Ibom PDP        Rivers killing -US calls for end violence        "Yakubu worst INEC chair ever" says Opposition parties as they reject election results        stakeholders warn political parties Over Election        Buhari pays surprise visit to APC Situation Room        Another female senator Aisha Dahiru Produced in Adamawa        ELETCTION- Saraki wishes those who emerged best of luck.        Davido to break into U.S market this week        Tonto Dikeh- Why Nigerian actresses are labeled prostitutes        Gunmen attack Kajuru village in Kaduna again Killed many        ESUT teaching hospital builds 10 tons incinerator to prevent infections.        2019 ELECTION: Muhammadu Buhari declared winner        Full list of 2019 Presidential Election Result        Foreign intervention On Election        Court declines to disqualify Wike over alleged forgery        Thugs destroy INEC office, electoral materials with explosives in Akwa Ibom        Real Madrid exit a warning for Barcelona        Aisha Buhari        Hastag HealingInAPhone Twitter trend, Yaw, BigTimi, other influencers join        Messi Back in Argentina Squad after Eight Months Absence        Nollywood actor, Tony Anyasodor passes away in Imo        Breaking News: Over 120 Students Confirmed Dead as Lagos School Collapse        Coach Ronald Koeman says he regrets, Germany wins, qualify or Euro 2020 in Amsterdam        Africa Cup of Nations: Angola qualify ahead of Burkina Faso        2019 Africa Cup of Nations: Tragedy overshadows Zimbabwe's qualification        Sri Lanka Attacks: What a Sad Easter Sunday        Ukraine election: Comedian Zelensky wins presidency by landslide        Over 100 UTME Candidates Arrested For Malpractices        Exam malpractices: JAMB Probes Candidates’ Credentials from 2009-2019 via Names, Biometric and Others        UPDATED: JAMB releases results of 1.7m candidates, blacklists 116 centres for malpractices        Gun in Exam hall, candidate arrested        JAMB parades worker for fraud        How to check 2019 UTME result        Insecurity: Corps members withdraws from Bayelsa community by NYSC        EFCC: We arrested Naira Marley, Zlatan for fraud, money laundering        JAMB Calls for Embargo on Creation of New Varsities        Borno State University Post-UTME 2019: Cut-off Mark, Eligibility and Registration Details        Redeemer’s University Nigeria Post-UTME 2019: Price of Form and Application Procedure Announced        NEKEDEPOLY Post-UTME 2019: Cut-off mark, Eligibility and Registration Details        Is examination a true Test of knowledge        UI Post-UTME 2019: Cut-off Mark, Eligibility, Fee and Registration Details        Delta State Poly, Ogwashiuku Post-UTME 2019: Cut-off mark, Eligibility and Registration Details        We will ensure no Nigerian child is kept out of school - Buhari        JAMB Revokes UTME Results of Four Candidates Over Forgery        2019 UTME: 19-Year-Old Arrested For Upgrading UTME Score - JAMB        FUTO Post-UTME - DE 2019: Cut-off Mark, Screening Dates, Eligibility and Registration Details        FUNAI Post-UTME-DE 2019: Cut-off Mark, Screening Dates, Eligibility and Registration Details        1,000 Bitcoin mining machines seized by Authorities in Iran        'Terrifying' app that can undress women taken offline        Timi Dakolo’s wife alleges COZA founder raped her        Bobrisky defends Pastor Fatoyinbo on rape allegation against him        Hidden danger using FaceApp's you need to know        Uganda To Issue Birth Certificates To Cows        Woman Who Poured Boiling Water On Husband’s Private Part        Kidnappers Of Samson Siasia’s Mother Demand N70m Ransom        Man Commits Suicide After Chewing SIM Card In Akwa Ibom (Graphic Photos)        federal plytechnic oko 2019-2020 HND form is out        More than 350 million trees planted in 12 hours by Ethiopians        Snake forces Nigerian lawmakers out of chamber        Buhari govt begins recruitment into NSCDC [SEE HOW TO APPLY]        Blissnaija - WA (Official video)       

Blog Details

  • Home -
  • Ojikutu, CMS Naija boss: Producing locally more profitable than going to China
Ojikutu, CMS Naija boss: Producing locally more profitable than going to China
  • 07 Feb
  • 2019

Ojikutu, CMS Naija boss: Producing locally more profitable than going to China

Producinglocally to promote made in Nigeria products and in turn boost the country’s Gross Domestic Products (GDP) is of paramount importance to budding entrepreneur and start-up expert, Leke Ojikutu, the Chief Executive Officer and founder of a number of manufacturing and innovation companies in Nigeria.

With CMS Naija, a firm which is into manufacturing creative household equipment, furniture and fittings, as its parent company, Ojikutu holds the view that local materials are of a very strong quality for production. He, however, lamented that government at all levels have done little or nothing in the area of encouraging innovative startups in the country.

In this interview, Ojikutu x-rays the crux of local production for small businesses, the challenges and the way forward.

Engendering innovation

We partner with China by studying them online. We understand that the reason we are not growing quickly like China is not because of dearth of financial capital but that of intellectual capital. We figured out that these things are not rocket science. Everybody now believes that we can contribute to the made in Nigeria project with our raw materials here. As such, we can create employment. We set out to change the impression that made in Nigeria goods are inferior and we are making progress.

Addressing made in Nigeria products

We have started addressing that. Some people even come to ascertain that we are actually producing on our own. Through word of mouth, we were made to believe that made in Nigeria products are inferior and through the same word of mouth, we are saying made in Nigeria products are superior to imported products. Local materials are of very strong quality for production. Most people now buy locally made products because they are made in Nigeria. They buy because they are unique. We manufacture according to international standard. I must first address the thing we have in common with China that we do not realise. You see, a lot of companies are going to China to produce. They believe there’s cheap labour in China but our labour is even cheaper. Here, we use generators daily and apart from that, we pay for a lot of things we don’t use. A lot of things should be made right if we are going to go the way of China.

Government’s intervention

No matter your market potential, no bank gives you loan here. We have works and products to show to banks, not collateral. If we have collateral, why do we need the loan then? If banks don’t cooperate, there is little to what you can do. The second thing government should do is the issue of power. Tools and equipment need power to run. Another is to fix our deplorable roads. We need to believe in our intellectual capital as a country too. There is so much Nigeria can do with the crop of people we have. The brain of a Chinese man is not particularly different from our own, practically or theoretically. It is best to build entrepreneurship through building other entrepreneurs. If each one that knows it trains one that doesn’t know, in a very short time, we would generate as many competent hands.

Job creation

We employ a lot of people in our production process. Our second approach is the indirect approach, so you can later start on your own. We engage graduates and jobless people on e-commerce and they make a lot of profit. Some of them have their own offices and cars. For some, they can get as much as N1m or N500, 000 worth of goods on credit from us, so they can pay back as they sell.


The first and major one is the bad roads. You may want to send a package from Lagos to Abeokuta and it may take over 24 hours. This is to Ogun State, which is very close to us here. We can buy and sell things but how do we deliver fast and safe when the road network is poor? If our roads were in good order, e-commerce would really pick up in Nigeria.

Technology in manufacturing process

The machines are the technologies. We started by asking which machine was the most critical and which country we could get them cheapest. China was it for us, as you know. We ordered one machine from China and we had to learn to operate it online, as we couldn’t hire experts from China. No matter what you have to produce in Nigeria, you still have to bring in the machine from China and that still amounts to paying into China and you can see that Forex is scarce right now. Now, we are working on our first indigenous machine. We are making a machine that would make products. It is a computerised machine that would take instructions from the users. To make it possible to produce an indigenous computerised machine for mass production in our industries, we will build the parts with wood but the controllers, boards, engines can’t be wooden. After producing the prototype, we can mass-produce it with metal. You don’t need to continue to import a machine for N8million from China. It can be made here and you can buy it with just N800,000. The technology is not peculiar to China. Why can’t Nigeria make it?

Implications for the Ministry of Trade and Investment

I don’t know what it portends for the Ministry of Trade and Investment. We don’t see them. We only try to do our bit in the Nigerian market. We need to see these people. The encouragement is not there. I can only see what it portends for Nigerians. They gain everything in order to get things done locally. The average Nigerian can acquire them and produce, because the machines are available and affordable. We have a variety you can choose from and that would really boost the manufacturing sector and add to the country’s GDP. You first have to understand that almost everything made in Nigeria today has a foreign component. If you want to make a wristwatch today, you have to make the engines from China. Some of the machines we are producing are machines that can make electronic boards. The more things we can make locally, the greater it adds to the country’s GDP. It is going to open up doors in manufacturing.

Promoting entrepreneurial development and skill acquisition

The government must know that apart from saying something, there are people that do it. There are some people that have taken the made in Nigeria campaign to an entirely new level and these people need to be supported. We need to go beyond theories and without losing an arm or a leg. You can’t compare someone who makes a production machine to someone who makes a product. Somebody who makes machines makes more impact on the society. Government needs to identify such people. A simple change in the financial status of such people can lead to a change in the lives of many Nigerians. A lot has been said about patronising made in Nigeria products but does government patronise local products?  Why should you give just N250,000 to someone after skill acquisition? If you want industries to boom, you have to take this very seriously. Make good money available to people who can deliver.


No Comment Found