Stakeholders have scored Cutix Plc high for its successful operations in the country in the last 40 years in spite of the prevailing harsh economic conditions.
Cutix Plc is a Nigerian company that specialises in the production and distribution of electrical, automotive and telecommunications wires, cables and related products.
The stakeholders, including eminent sons and daughters of Anambra State as well as leading industrialists and politicians in the country, delivered their commendations at a reception organised in honour of retiring Chairman of the company, Ambassador Okwudili Nwosu, in Nnewi, Anambra State.
The Founder, Engr. Ajulu Uzodike said: “My brother and friend has been with me all through the 40 years and I must admit that it has been an eventful and successful relationship”.
He, however, expressed the hope that Nwosu would continue to be part of the Cutix family.
Nwosu, a co-Founder, expressed his happiness over the company’s success story, describing the Founder as a brother and friend whose interest in the firm is to create an avenue for all and sundry to create wealth through partnership.
He said the story of Cutix Plc is embedded in trust, adding that he dedicated himself wholeheartedly to Uzodike and the company in the last 40 years. “I want to assure you that although I am 70 years old now but whether I am there or not, my spirit will ever remain with the company”, he said.
The presidential candidate of Labour Party in last February’s general elections, Mr. Peter Obi described Uzodike as an outstanding entrepreneur who has been able to create wealth for the company’s stakeholders, as well as a great employer of labour.
Obi lamented that successive governments in the country had not found it necessary to empower and encourage local manufacturers, adding that, “unless the Federal Government decides to do the right thing by supporting these companies, they cannot go very far and they need support because they create jobs. They are the ones that will turn around the economy and they need government’s support”.
He recalled that as the Governor of Anambra State, his administration and the management of Cutix Plc constructed the road leading to the company. He said Cutix provided half of the cost of the project, while the state government provided the balance.
He also recalled being instrumental to Nwosu’s appointment as Nigeria’s Ambassador to the Republic of Burundi, and congratulated him and the Founder for holding the company’s fort for 40 years.
Anambra State Commissioner for Commerce, Industry and Wealth Creation, Mr. Christian Udechukwu described Nwosu as a good manager of human and material resources. He said that the state government, under the stewardship of Prof. Charles Soludo, is creating an enabling environment for small and medium scale enterprises to thrive through improved power supply.
Nigeria’s Ambassador to the Republic of Burundi, Elijah Onyeagba noted that the success story of Cutix Plc is traceable to the diligence and trust between Uzodike and Nwosu. According to him, Nwosu is not retiring but would use his wealth of experience to improve on the industrial sector.
A past Senator for Anambra Central district, Ben Obi said the only way to jumpstart industrial revolution in the South East is to have the likes of Nwosu at the helm of affairs. Small and medium scale enterprises are the vehicles for growing the economy, he said.
Former Minister of Health, Prof. Alphonsus Nwosu noted that Nwosu should see his retirement as yet another call to serve through providing professional assistance to young entrepreneurs and captains of industry for them to achieve optimally in their various fields of endeavours.
The incumbent Senator for Anambra Central district, Victor Umeh noted that Cutix is a gift to Nigerians in general, and the South East in particular, adding that in all his dealings he has always patronised the products of the company.
He urged the company’s management staff members to ensure that the establishment grows from strength to strength despite the harsh economic challenges.
A governorship candidate in the last election in Anambra State, Mr. Ben Etiaba, congratulated the board and management of the company for being in business for 40 years. The determination demonstrated by both Uzodike and Nwosu is one that should be emulated by those who are desirous of venturing into the industrial sector, he said.
