Jubilee Syringe Manufacturing Shuts Factory In Nigeria

Jubilee Syringe Manufacturing Company, located in Awa, Onna Local Government Area of Akwa Ibom State, said to be the largest syringe manufacturing venture in Africa, has officially shut down operations.

The company ended operations on December 31, 2023, attributing the decision to “unforeseen circumstances affecting our business operations.”

Jubilee Syringe Manufacturing Company, which was formerly inaugurated in 2017 by the then-Vice President Yemi Osinbajo had been a significant player in the healthcare industry in the country.

The company, however, had stopped production several months before making the final announcement and in a memo addressed to all its employees, expressed regret over the challenging decision it had to make.

The Company’s statement, titled ‘Temporary Redundancy – Service Not Needed Till Further Notice,’ noted that all positions, effective January 1, 2024, were placed on temporary redundancy as a part of the measures taken to ensure the long-term sustainability of the company.

“We trust this message finds you in good health. It is with a heavy heart that we write to you today to communicate a challenging decision that Jubilee Syringe Manufacturing Company Limited has had to make due to unforeseen circumstances affecting our business operations,” the memo stated.

The challenging business environment, as stated in the company’s communication, necessitated these difficult steps, highlighting that the decision was not a reflection of individual performance or dedication.

“Please return all company belongings in your custody. Thank you for your understanding and cooperation during these challenging times,” the memo concluded.

Jubilee Syringe Manufacturing Company’s closure raises questions about  the complex dynamics businesses face in the country and the need for resilience in navigating unpredictable market conditions.

Jubilee Syringe Manufacturing Company, like other medical companies that have shut down and exited the country will have great impact on the healthcare supply chain, considering their significant roles in providing medical equipment, among others,