Insecurity: Banks halt lending to fund business operations in Northern states
MANUFACTURERS in the country are licking their wounds over streams of loses as a result of built up finished inventories of goods in their warehouses they can not sell. This is as a result of the insecurity in the Northern part of the country that has taken away part of their market. Many company chief executives who spoke to Vanguard said the north is important to their business as the region accounts for more than 30 per cent of the Nigerian market.
Though the manufacturers see the market as huge, distribution of goods and services to this region is being hampered by security challenges in the affected states.