In a significant development, the Jubilee Syringe Manufacturing (JSM) Company, Africa’s largest syringe factory located in Awa, Onna Local Government Area of Akwa Ibom State, has officially ceased operations. The company’s management conveyed this decision through a memo to its workforce, declaring all employees temporarily redundant as of January 1, 2024.
Citing “unforeseen circumstances affecting business operations,” the memo outlined the need for temporary measures to ensure the long-term sustainability of the company. The management expressed regret over the decision and clarified that it was not a reflection of individual performance or dedication but a response to the challenging business environment.
The factory, inaugurated in 2017 by former Vice President Yemi Osinbajo, faced challenges with production in the years following its opening. The official announcement confirms the cessation of operations on December 31, 2022.
Workers were urged to return company belongings, and the memo concluded with appreciation for understanding and cooperation during these challenging times. The closure raises questions about the economic impact and underscores the broader challenges faced by industries in the region.