Business

MAN says 60% of manufacturers in North-East shut down by insecurity

The Director General of the Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi-Kadir, has said that between 56% and 60% of the association’s members in the North-East Nigeria have been shut down by insecurity in the region.


He said this during an interview on Channels Television, Sunrise Daily, on Saturday, where he complained about the challenge of insecurity to businesses and how it has resulted in additional cost to firms across the country.


Furthermore, the Director-General of MAN lamented the increased cost contributed by private security  to the overall production costs, stating that  some companies or members of MAN pay more on security than taxes.