Stakeholders Score Cutix High as Nwosu Retires from the Board

Stakeholders have scored Cutix Plc high for its successful operations in the country in the last 40 years despite the prevailing harsh economic conditions.

Cutix Plc is a Nigerian company that specialised in the production and distribution of electrical, automotive, and telecommunication 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 organized in honour of retiring Chairman and Co-Founder of the Company, Ambassador Okwudili Nwosu, in Nnewi, Anambra State.

The Founder, Mr. Ajulu Uzodike, remarked that “my brother and friend had been with me all through the 40 years and I must admit that it has been an eventful and successful relationship.”

Uzodike, however, expressed the hope that Nwosu would continue to be part of the Cutix family.

Responding, the Co-Founder, Ambassador Nwosu expressed his happiness over the success story of the company, describing the founder as a brother and friend whose interest in the company is to contrive an avenue for all and sundry to create wealth through partnership.

He said that 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 over 70 years old now, whether I am there or not, my spirit will ever remain with the company,” he said.

Commenting, the Presidential Candidate of the Labour Party, Mr. Peter Obi, described Uzodike as an outstanding entrepreneur who has been able to create wealth for stakeholders of the Company as well as a great employer of labour.

Obi lamented that successive governments in the country have 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 are those that 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 that Cutix provided half of the cost of the project while the state government provided the balance. He also recalled being instrumental to the appointment of Ambassador Nwosu as Nigerian Ambassador to the Republic of Burundi in 2012 and congratulated him and the founder for holding the company’s fort for 40 years.

Also speaking, the Anambra State Commissioner for Commerce, Industry, and Wealth Creation, Mr. Christian Udechukwu, described Ambassador Nwosu as a good manager of human and material resources.

He said that the Anambra State Government, under the stewardship of Professor Charles Soludo, is creating an enabling environment for small and medium-scale enterprises to thrive through improved power supply.

Nigerian Ambassador to the Republic of Burundi, Ambassador Elijah Onyeagba, noted that the success story of Cutix Plc is traceable to the diligence and trust between the founder, Uzodike and the co-founder, Ambassador Nwosu.

According to him, Ambassador Nwosu is not retiring but would use his wealth of experience to improve the industrial sector.

Senator Ben Obi, a former Senator representing Anambra Central Senatorial District, said that the only way to jumpstart the industrial revolution in the South-east is to have the likes of Ambassador 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. ABC Nwosu, noted that Ambassador Nwosu should see his retirement as yet another call to serve by providing professional assistance to young entrepreneurs and captains of industries to achieve optimally in their various fields of endavours.

Senator Victor Umeh, representing Anambra Central Senatorial District, noted that Cutix is a gift to Nigerians in general and the South-east in particular, adding that in all his projects, he has always used the company’s products.

He urged the management and staff of the company to ensure that the establishment grows from strength to strength despite the harsh economic challenges.

A gubernatorial 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.

He said that the determination demonstrated by Uzodike and Nwosu should be emulated by those who are desirous of venturing into the industrial sector.