FLour Mills of Nigeria (FMN) has addressed the inevitable rise in prices of its products, attributing it to the adverse effects of the escalating Naira-Dollar exchange rate on its business operations.
During a Customers Sales Forum held in Uyo, which saw the participation of key stakeholders including direct buying Bakers, Baker-Dealers, and Corporate buyers from Akwa Ibom state, Mr. John Maniatis, the Head of Sales, Business to Business, acknowledged the prevailing economic crisis in the nation.
In his address to concerned customers, Maniatis emphasized the challenging circumstances faced by businesses amidst the ongoing economic crisis. He openly admitted the significant impact of the fluctuating Naira-Dollar exchange rate on it’s operations, expressing the company’s struggles in navigating through this turbulent period.
However, amidst the somber tone, Maniatis offered a message of hope and resilience, highlighting Nigeria’s collective ability to overcome adversities. He reassured stakeholders of it’s commitment to weathering the storm and emerging stronger, drawing upon the nation’s innate resilience and perseverance.
FMN
Throughout the interactions, customers echoed similar sentiments, acknowledging the widespread challenges faced by businesses across the country. They emphasized the importance of continued dialogue and collaboration between FMN and its stakeholders to effectively navigate through these tough times and ensure the sustainability of the business.
