By Tina Akannam
Dutse â€”Â Chairman, Board of Trustees, Conference of the Northern Chamber of Commerce, Alhaji Badaru Abubakar Babura, has disclosed that the business communities in the country cannot create jobs because of poor government policies, saying there is need for government to partner with them to survive.
Badaru who made this assertion while speaking with newsmen in his office, said business communities who are owners of local industries could not strive effectively without government partnership because the cost of production was very high in Nigeria .
He lamented that over 90 per cent of the raw materials needed by local industries were imported while the scarcity of power and water had worsened the situation because local industries operate their machinery 24 hours on generators.
Said he: “What is happening now, is that only businesses based on necessities are operating. The real raw materials that are used for production are all imported. If you donâ€™t have the basic necessities and raw materials to run an industry, then the cost of production will be very high.”
TheÂ Jigawa-born business tycoon also lamented that more local industries are closing down on daily basis because of lack of competition, stressing that Chinaâ€™s substandard products have continued to dominate the Nigerian market because they are cheaper.
â€œDespite the factÂ that government has banned certain products like textile materials, the local textile manufacturers are being forced to cut production and even closed down because the smuggled China textile materials have not only flooded the market but they are cheaper than locally manufactured ones which are of better quality,” he added.
Alhaji Badaru who expressed optimism that if Nigerian local manufacturers and business communities get support from government, the present state of the economy can be reversed, said both government and the private sector need each other to move the economy forward.
Commenting on the global economic melt down, he said the government must not relent, stating that even before the global economic melt down, the nationâ€™s economy was in a sorry state, so government should plan ahead like other advanced countries.