NIGERIA IN RECESSION

RECESSION - a temporary depression in economic activity or prosperity (dictionary.com).

Nigeria is experiencing an economic recession presently. Goods and services have become expensive. Foreign investors are leaving the country, workers are being sacked. 

Do you know people make a lot of money during recession. We all know CBN has stopped importation of some items from access to Nigeria's FOREX market. This is in order to encourage local production of these items.

The Items are listed below.

1. Rice
2. Cement
3. Margarine
4. Palm kernel/Palm oil products/vegetables oils
5. Meat and processed meat products
6. Vegetables and processed vegetable products
7. Poultry chicken, eggs, turkey
8. Private airplanes/jets
9. Indian incense
10. Tinned fish in sauce(Geisha)/sardines
11. Cold rolled steel sheets
12. Galvanized steel sheets
13. Roofing sheets
14. Wheelbarrows
15. Head pans
16. Metal boxes and containers
17. Enamelware
18. Steel drums
19. Steel pipes
20. Wire rods(deformed and not deformed)
21. Iron rods and reinforcing bard
22. Wire mesh
23. Steel nails
24. Security  and razor wine
25. Wood particle boards and panels
26. Wood Fibre Boards and Panels
27. Plywood boards and panels
28. Wooden doors
29. Toothpicks
30. Glass and Glassware
31. Kitchen utensils
32. Tableware
33. Tiles-vitrified and ceramic
34. Textiles
35. Woven fabrics
36. Clothes
37. Plastic and rubber products, polypropylene granules , cellophane wrappers
38. Soap and cosmetics
39. Tomatoes/tomato pastes
40. Eurobond/foreign currency bond/ share purchases

Toothpicks can be manufactured locally in Nigeria.

The process of making a toothpick usually begins with birch logs. The logs are lifted by grippers into a de-barker, which makes a smooth, barkless cylinder. The log is then transported into an unraveling machine which strips the log like paper. At the end of the log stage the strips are left as billet and carried to the puncher. The puncher cutter makes identical toothpick strips. The puncher can cut toothpicks at a rate of 8,000 toothpicks per second.

The billet stage, The finishing stage.
These soft toothpicks are hardened in a dryer for 12 hours and then polished using talcum powder and friction for another four hours. The hardened toothpicks then pass through a sifter that removes damaged toothpicks. The acceptable toothpicks are sorted into a blower and conveyor that counts and packages them at the rate of 747,500 per hour.

There is a company in Anegbette, Etsako Central LGA in Edo state that makes toothpicks from Bamboo and also makes furnitures from Bamboo. Company is PEMO GROUP. Facebook page is https://www.facebook.com/PemoBamboo/. Phone number from Vconnect: 08033029801

Please if you know of other companies that deal in production of these items, help paste them in the comment to spread the word.