Samsung Electronics has lamented about the unavailability of production materials in the country which is slowing down business proceedings.
The Chief Executive Officer, CEO, of Samsung Electronics Africa, Mr. Sung Yoon, on Thursday disclosed that manufacturing a mobile phone required about 400 different components, none of which is available in Nigeria.
Speaking during an interactive session with journalists in Lagos, he stated that another reasons Samsung Electronics could not establish a manufacturing plant in Nigeria is because the company’s market share in the country is not big enough.
Yoon pointed out that though Samsung was the leading consumer electronics company in Nigeria, its share of the Nigerian market is smaller to South Africa’s.
He said that the company’s smartphones market size in South Africa is 80 per cent, but is lower in Nigeria.