Insecurity taking toll on businesses – NECA

The Nigeria Employers’ Consultative Association (NECA), has insisted that the prevailng atmosphere of insecurity in Nigeria was taking a toll on businesses.
NECA’s Director-General, Mr.
Olusegun Oshinowo, who said this in an interview yesterday in Lagos added that businesses would never thrive in an atmosphere of violence.
He noted that the insecurity if not decisively tackled would continue to shrink markets and worsen poverty and unemployment.
“Insecurity will shrink markets for products of any enterprise.
The survival instinct of any human being is such that once his life is at threat, he will embark on the migration path.
“And when he migrates, everything he has in his previous location would be dismantled and disrupted and that will affect business.
“So, outlets that used to be reliable outlets for sale of our members products are no longer existing because people are always on the move.’’ He, however, expressed his optimism that government would overcome the persistent insecurity and save businesses from extinction.
Oshinowo lamented that insecurity had made the nation to lose the economy of the North East, a key geo-political area where according to him, insurgency has displaced millions of people.
“Let the truth be told, nothing is left again of the economy of the North East of Nigeria and that should send a lesson to us.

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