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Terrorism is killing businesses in Kano – NGO

Kano – The Centre for Research and Documentation (CRD) in Kano on Wednesday said that 97 per cent of businesses in the state had been negatively affected by the spate of bombings since January.

Mr Umaru Abdullahi, an official of the Centre, a Non-Governmental Organisation (NGO), disclosed this at a one-day seminar for businessmen and government officials.

According to him, the hospitality industry is the most affected by the disaster as many of the hotels in the state had been adversely affected.

He quoted a study conducted by the CRD as indicating that 50 per cent of the manufacturing sector in the state had  been recording low sales since January.

“Insufficient power supply that coincided with the events in the state also greatly worsened the situation,’’ Abdullahi said.

According to him, a survey contained in the World Investment Report (2011) of the United Conference on Trade and Development (UNCTAD) indicated that Nigeria had lost about N1.3 trillion to the terrorist activities of Boko Haram.

NAN reports that the centre organised the seminar in collaboration with ENABLE Project to map out ways of tackling security challenges that were affecting businesses in Kano. (NAN)


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