Erisco Foods Limited, tomato paste manufacturer in Nigeria, recently rewarding its employees who have been loyal to the company for a period of 10 years during its annual end of year party .
The event, held at the Industrial headquarters of the company in Alausa, Ikeja also served as a stock taking event, taking into cognizance the progress and challenges faced by the organisation as well as providing insight into Erisco Foods Limited global plans for the coming year 2024.
The President and Chief Executive Officer, Chief Dr. Eric Umeofia, in his address appreciated the collective efforts of all members of staff for their contributions towards the successes recorded by the company in the year 2023. “we were able to achieve a lot of success because of the incredible support given to us by all members of staff across all levels. As it’s our tradition, we celebrate and recognize the incredible role they continue to play,” he said.
The President further reiterated that the success also came with daunting challenges, which include the lack of support and patronage from some MDA’s and some Nigerians alike, who prefer foreign products, irrespective of its quality. “Unfortunately, these challenges have hindered Erisco Foods production capacity, as they are yet to utilise up to 15 percent of the plant’s installed capacity per annum, since inception till date, due to the frustrations by our MDA’s, particularly our financial institution, etc.”
He stated that the failure of the MDA’s to fully live up to its responsibilities has led to the unprecedented dumping of substandard tomato paste in various markets across the country, and warned Nigerians to be wary of imported substandard tomato paste. He also advised Nigerians to patronise made in Nigeria products as it’s the only way to our economic survival.
The highlight of the event was the award and presentation of cheques ranging from One Million Naira to deserving staff members who have been loyal to the company for 10 years and above. Other categories of prizes include most outstanding staff in all departments, Employee of the year award and most punctual staff in production and in administration.
The President presented keys of four brand new cars to four outstanding and loyal staff of the company, cutting across Audit, Administration, Engineering and Quality Control departments, as a reward and recognition for their consistency and loyalty.
More than 50 other staff members were also rewarded with cash prizes ranging from N15,000 to N500,000. The company also ensured that the ICT staff, who play vital roles in the organization’s success, were appreciated by sharing a lump sum of N1 million among them.
The event served as an induction party for approximately 200 newly recruited staff members, reflecting the company’s commitment to growth and expansion.
“Erisco Foods Ltd once again reaffirms its dedication to providing excellent service to God and humanity. The celebration marks yet another successful year for the company, guided by its visionary leader Chief (Dr) Eric Umeofia.