PATRICK ABANG, Calabar –
The Group Managing Director, Royal Farms Ltd, Princess Esu Olumba Olumba Obu, has said that the high cost of disel, multiple taxation is possing serious threat in sustaining the group business.
Royal Farms she said, runs one of the best, efficient and profitable businesses but because of incessant taxes by state and local government, couple with high cost of disel most business are now face with the option of closing down or retrenching staff to survive.
Esu Olumba noted that if not for the Holy Father’s humanitarian gesture of carring for the less privilege, most of Royal Farms conglomerate could have been closed down because they now run at a loss.
Princess Esu Olumba Olumba Obu said this on Friday when they Chairman of Correspondent Chapel, Mrs Eme Offiong led her executive and members to a facility tour to Royal Farms Ltd Producers of Royal water, Royal , confectionaries, Sparkling FM Radio,poultry, piggery,and other aquatic animals in Calabar, the Cross River State’s capital.
Also speaking, The Managing Director of Royal Farms Ltd, Bishop Usen Umoh commended the leadership of The Correspondent Chapel for the visit, noting that the Holy Father remain the Patron of the Nigerian Union of Journalists and is always ready to identify with the chapel and the (NUJ)
Earlier in her remarks the Chairman of Correspondent Chapel, Mrs Eme Offiong, commended Royal Farms Ltd and Brotherhood of the Cross and Star for being the second highest employer of labour in the State aside the Cross River State Government.
Mrs Offiong solicited to partner Royal Farms Ltd especially in its Agricultural venture in making life more meaningful.
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