Nigerian manufacturers bemoan insecurity in North-East

Segun Ajayi-Kadir, the Director-General of MAN, revealed this during an interview on Channels Television’s Sunrise Daily on Tuesday


The Manufacturers Association of Nigeria (MAN) stated that insecurity has driven 60% of its members in the troubled North-Eastern region of Nigeria out of business.

Segun Ajayi-Kadir, the Director-General of MAN, revealed this during an interview on Channels Television’s Sunrise Daily on Tuesday.

Ajayi-Kadir noted that manufacturers are now spending more on securing their assets than they are on paying taxes to government authorities.

He said, “Insecurity is a major challenge. We lost between 56 to 60 percent of our members in the North-East to insecurity. They just stopped production.

“insecurity is a disincentive to manufacturing activities,” he added.

“Some of us pay for security more than the taxes that we pay because it (security expenses) has to be on a continuous basis.”

The MAN director-general said the cost of security and the increasing cost of energy continue to add to the production of manufacturers which translates to high prices of goods in the country.

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