By Fred Nwaozor
If you are a resident or citizen of Nigeria but yet to realize that blackout has overtime been synonymous with the country, then probably you have been outside minded.
There’s no day passed, you wouldn’t find a certain group in a given arena deeply discussing the excruciating effects of epileptic power supply endlessly faced by the teeming Nigerians in all corners of the country.
The acclaimed giant of Africa has thus far, to assert the least, suffered an untold hardship in the hands of electricity, yet no one can currently foresee when the affected populace would start singing a new song as regards the public utility in question.
It sounds not unlike a paradox, but it’s real, that a country that has continually generated electricity for some of her neighbouring ones cannot presently boast of uninterruptible power supply. This is the sole reason many concerned individuals cum entities are sensing something fishy regarding the ordeal.
The unfortunate situation being discussed can’t be aptly and wholly x-rayed without mentioning some key stakeholders that are involved in the day-to-day management and sustenance of the limited resources.
The three prime segments of electricity supply, which include generation, transmission and distribution, have severally been analyzed on this column. It’s noteworthy that ‘billing’ as inscribed on the topic, is not unrelated to the distribution section.
The above background signifies that only Distribution Companies (DisCos) are statutory charged with the responsibility to provide as well as issue electric bills to the electricity consumers within their respective jurisdictions.
It’s equally worth noting that billing system could acceptably be of two major forms namely, the prepaid billing and the postpaid billing. A prepaid item or service is paid for in advance, whilst a postpaid one is paid after the item/service has been purchased or rendered, as might be the case.
In Nigeria, over the years till date, electricity consumers have been used to the postpaid billing system whereby the bills of the services rendered or energy consumed are issued to them at the end of every month via the aid of the electric meter installed in each of their households, or business premises, by the concerned authority.
Through this methodology, the stipulated bill of the exact utility consumed is being provided for the consumer by the relevant distribution firm. It’s needless to enthuse that by the aid of the electronic device (meter) mentioned above, the apt bill would be worked out at the end of each month.
This has been the case even prior to the emergence of the defunct National Electric Power Authority (NEPA) that was formerly in charge of electricity distribution within the shores of Nigeria. The pattern was rightly inherited by the Power Holding Company of Nigeria (PHCN) till it was sent packing by the Federal Government (FG) under the watch of the immediate past administration led by Dr. Goodluck Jonathan, to pave way for the private investors.
The practice continued unabated not until lately when the FG instructed the DisCos, whose services are currently ‘enjoyed’ in the distribution section, to provide and issue prepaid meters to the electricity consumers across the federation towards implementing the ‘Pay as you go’ policy presently witnessed in the telecommunication sector.
This recent directive has apparently fell on deaf ears as it could be fully observed that only a few entities, not even individuals, could at the moment boast of the prepaid meters. Taking note of this derailment, a worried mind domiciled in the country may then want to know what the way forward entails.
It’s imperative to acknowledge that prepaid pattern of billing enables a consumer to pay for only the amount/quantity of electricity he intends to use within a stipulated period by purchasing and consequently slotting a prepaid card into the installed prepaid meter. This method, therefore, is widely adjudged to be very accurate, concise and devoid of any form of imposition or pranks.
Aside its merit to the consumers, the prepaid billing pattern is equally noted to be of high advantage to the DisCos as it’s meant to be labour effective. The measure would drastically reduce the degree of stress currently experienced by their employees as it’s foreseen that they wouldn’t anymore need to go from house to house towards penalizing defaulters as regards bills’ payment.
Survey rightly indicates that over 97% of Nigerians are still facing the postpaid pattern of billing, perhaps owing to the inability of the DisCos to do the needful or pay heed to the directive of the government.
It’s appalling to realize that these consumers aren’t only faced with postpaid electric bills but estimated ones, whereby the DisCos do the billing without the aid of any meter. So, as the citizens decry the high level of blackout being experienced in the country, the random method of billing adds more salt to the injury already incurred.
This unspeakable condition could be what occasioned the Bill to Criminalize Estimated Electric Bills recently passed by the Green Chamber of the National Assembly (NASS). The document, which is targeted to amend the Electric Power Reform Act, is meant to prohibit and criminalize the ongoing estimated billing of consumers.
The bill sponsored by the House Majority Leader, Mr. Femi Gbajabiamila, graciously scaled through third reading at the Lower Chamber. It is in protest against the ‘crazy bills’ invariably issued by DisCos to their teeming subscribers and will hopefully put to an outright end any kind of estimated billing system when eventually passed into law.
The House Committee in charge of energy consumption reported on the bill, following a public hearing held on it precisely on June 5, 2018. The report was unanimously adopted by the lawmakers present at the plenary via voice votes, hence the document was approved overwhelmingly.
The bill, which will ensure that prepaid meters are installed in all houses and what have you upon the request of the consumers, has reportedly been transmitted to the Upper Chamber (Senate) for concurrence. If the Red Chamber passes the bill, it would be subsequently transmitted to the Presidency for assent as required by the Constitution.
Mr. Gbajabiamila had, at the public hearing, strongly opined that any regulation that allows estimation of bills when the actual consumption rate could easily be ascertained “is against natural justice and equity and should not stand”.
It’s imperative to comprehend that there is nowhere across the global community where consumers of electricity, or any form of energy, are billed arbitrarily as it is the case in the country. This is to say that Nigeria is obviously operating in isolation in terms of electricity billing.
We must take into cognizance that in postpaid billing system, estimated billing can only be employed in situations where the installed meter of the consumer cannot be accessed by the service provider, perhaps due to technical hitch or whatever.
But around Nigeria, the concerned authorities can barely provide the consumers with the required meters let alone installing them. This implies that DisCos have, however, deemed estimated billing to be normal and acceptable; a belief that is highly condemnable by any right thinking individual.
The operators of this unacceptable not unusual tradition being harboured in the country, unequivocally deserve to be holistically prosecuted for a criminal act, hence the compelling need for the aforementioned bill to be hastily passed by the senators headlong.
As we keep our fingers crossed, it’s ideal to remind all relevant authorities that this lingering norm is anti-human, therefore shouldn’t be allowed to continue showcasing its inhuman muscles. Think about it!
Comrade Nwaozor, a Policy Analyst, Rights Activist & Tech Expert,
is the National Coordinator, Right Thinkers Movement
______________________________
frednwaozor@gmail.com
+2348028608056
Sunday, 14 April 2019
Thursday, 4 April 2019
Opinion I Why Imolites Must Handle Imo With Care
By Fred Doc Nwaozor
The last time I checked, Imolites in their entirety were apparently filled with mixed feelings, perhaps owing to what transpired at the just concluded gubernatorial poll in the state.
And as I write, the aforementioned set of persons is still preoccupied with same feelings. In some quarters, some are engaged with discussions regarding the outcome of the said election. Whilst, in other areas, some are deeply concerned about what the fate of the state would entail after the next political transition.
As we variously undergo or participate in this myriad of discussions bordering on the impending interregnum, we are expected to think more of the interest of Imo or be more concerned about what would happen to the state as we pass through this circumstance.
This piece, therefore, is informed by the compelling need for each of us to candidly handle Imo with care; the need for us to guard the state with absolute care as we discuss, argue, wail, or rattle over the outcome of the state’s guber election that took place on 23rd February 2019.
Imo must be well guarded with all our might because there’s absolutely no other province we can truly call Imo. We mustn’t do anything to jeopardize the interest of the Eastern Heartland. Imo really cares about us, thus we are expected to boldly and proudly safeguard her welfare at all cost.
We might have felt shortchanged in one way or the other, but that isn’t enough reason to indulge in any activity that would in any way mar the interest or progress of the state in general. Irrespective of our grievances, we must not overlook the state’s interest as we react.
Imo as a state has been impartial concerning our wellbeing regardless of the circumstance, so we are required to reciprocate such a lofty gesture in whatever dealings we indulge ourselves in.
In view of the above facts, it would be pertinent to do anything we intend to do with all manner of maturity. We must be well-behaved and well-mannered in our inactions, actions or reactions. It’s only a mature attitude that can guarantee safety in any society.
For instance, considering a nuclear family as a society, it’s only mature behaviours invariably displayed by the man of the house that can guarantee peace or calmness in the home. Thus, if the man decides to behave childishly, he would have himself to be blamed in the long run.
So, if a man of a certain house truly wants his home to remain safe and become better, he mustn’t resort to selfish attitudes or behaviours that would jeopardize the overall interest of the family. He must be willing to place the interest of the family first before considering any personal interest.
The progress of any home is predicated on the way and manner it is being handled by its overall members. And in any family, the members remain the husband, wife and of course the children. Any of these individuals has a distinguished role to play towards ensuring that the family is well protected at all times.
Now, in the case of Imo as a state, it is the statutory duty of each of the citizens to handle it with absolute care and maturity if they actually look forward to embracing a calm, peaceful, harmonized and accommodating state.
Hence, those who want to react over their grievances as regards the outcome of the guber poll or any other election must do so with extreme maturity. We can’t afford to set Imo ablaze due to our individual motives.
What ought to be of paramount important to us as we react is the motives of Imo. The state has its own goals, and it’s noteworthy that her interest is for the good of all. This is the reason we must not relegate the state’s interest to the background as we argue or react on a daily basis.
Imo is seriously in need of our true care at this trial period. We shouldn’t betray her because she has hitherto given us enough. Her love for us has been enormous that we cannot afford to pay her back with betrayal or anything of such.
Let’s individually or collectively consider the state before taking any action. An injury to Imo is definitely and unarguably an injury to all irrespective of our respective statuses. Imo shouldn’t be brought down at a time we are expected to uplift her.
As we await the impending power transition, I enjoin us to remain calm and resilient even if we were not favoured by the outcome of the polls. We must comprehend that only one contender was expected to emerge victoriously at a particular poll, hence the need for us to be rational.
Whatever our interest was prior to the elections, at the moment, we are required to throw our support behind the person whom has been declared the winner of the competition by the electoral umpire. But if we wish to object the outcome, or the declaration, we must do so lawfully as stipulated in the Constitution.
Imo has so far gone too far to be truncated by a mere interest of a certain group embedded in the state. It’s on this premise I urge us not to shortchange the state as we go about with our support, objection or what have you, as the case may be. We need to sincerely think Imo in our various dealings; this is the only way we can witness a stronger entity called Imo.
No matter the level of provocation we might be experiencing right now, I must tell us without equivocation that our actions or reactions would solely determine the wellbeing of Imo at large, hence the compelling need to act or react maturely. Think about it!
Comrade Nwaozor, is the National Coordinator,
Right Thinkers Movement
The last time I checked, Imolites in their entirety were apparently filled with mixed feelings, perhaps owing to what transpired at the just concluded gubernatorial poll in the state.
And as I write, the aforementioned set of persons is still preoccupied with same feelings. In some quarters, some are engaged with discussions regarding the outcome of the said election. Whilst, in other areas, some are deeply concerned about what the fate of the state would entail after the next political transition.
As we variously undergo or participate in this myriad of discussions bordering on the impending interregnum, we are expected to think more of the interest of Imo or be more concerned about what would happen to the state as we pass through this circumstance.
This piece, therefore, is informed by the compelling need for each of us to candidly handle Imo with care; the need for us to guard the state with absolute care as we discuss, argue, wail, or rattle over the outcome of the state’s guber election that took place on 23rd February 2019.
Imo must be well guarded with all our might because there’s absolutely no other province we can truly call Imo. We mustn’t do anything to jeopardize the interest of the Eastern Heartland. Imo really cares about us, thus we are expected to boldly and proudly safeguard her welfare at all cost.
We might have felt shortchanged in one way or the other, but that isn’t enough reason to indulge in any activity that would in any way mar the interest or progress of the state in general. Irrespective of our grievances, we must not overlook the state’s interest as we react.
Imo as a state has been impartial concerning our wellbeing regardless of the circumstance, so we are required to reciprocate such a lofty gesture in whatever dealings we indulge ourselves in.
In view of the above facts, it would be pertinent to do anything we intend to do with all manner of maturity. We must be well-behaved and well-mannered in our inactions, actions or reactions. It’s only a mature attitude that can guarantee safety in any society.
For instance, considering a nuclear family as a society, it’s only mature behaviours invariably displayed by the man of the house that can guarantee peace or calmness in the home. Thus, if the man decides to behave childishly, he would have himself to be blamed in the long run.
So, if a man of a certain house truly wants his home to remain safe and become better, he mustn’t resort to selfish attitudes or behaviours that would jeopardize the overall interest of the family. He must be willing to place the interest of the family first before considering any personal interest.
The progress of any home is predicated on the way and manner it is being handled by its overall members. And in any family, the members remain the husband, wife and of course the children. Any of these individuals has a distinguished role to play towards ensuring that the family is well protected at all times.
Now, in the case of Imo as a state, it is the statutory duty of each of the citizens to handle it with absolute care and maturity if they actually look forward to embracing a calm, peaceful, harmonized and accommodating state.
Hence, those who want to react over their grievances as regards the outcome of the guber poll or any other election must do so with extreme maturity. We can’t afford to set Imo ablaze due to our individual motives.
What ought to be of paramount important to us as we react is the motives of Imo. The state has its own goals, and it’s noteworthy that her interest is for the good of all. This is the reason we must not relegate the state’s interest to the background as we argue or react on a daily basis.
Imo is seriously in need of our true care at this trial period. We shouldn’t betray her because she has hitherto given us enough. Her love for us has been enormous that we cannot afford to pay her back with betrayal or anything of such.
Let’s individually or collectively consider the state before taking any action. An injury to Imo is definitely and unarguably an injury to all irrespective of our respective statuses. Imo shouldn’t be brought down at a time we are expected to uplift her.
As we await the impending power transition, I enjoin us to remain calm and resilient even if we were not favoured by the outcome of the polls. We must comprehend that only one contender was expected to emerge victoriously at a particular poll, hence the need for us to be rational.
Whatever our interest was prior to the elections, at the moment, we are required to throw our support behind the person whom has been declared the winner of the competition by the electoral umpire. But if we wish to object the outcome, or the declaration, we must do so lawfully as stipulated in the Constitution.
Imo has so far gone too far to be truncated by a mere interest of a certain group embedded in the state. It’s on this premise I urge us not to shortchange the state as we go about with our support, objection or what have you, as the case may be. We need to sincerely think Imo in our various dealings; this is the only way we can witness a stronger entity called Imo.
No matter the level of provocation we might be experiencing right now, I must tell us without equivocation that our actions or reactions would solely determine the wellbeing of Imo at large, hence the compelling need to act or react maturely. Think about it!
Comrade Nwaozor, is the National Coordinator,
Right Thinkers Movement
Wednesday, 3 April 2019
Tech I CBN's Move On Moribund Textile Industry
By Fred Nwaozor
In a few decades ago, Nigeria as a nation could boldly and proudly boast of a globally-recognized textile industry, which was then conspicuously the pride of the citizenry economic wise.
The Nigeria’s textile industry, which was the third largest on the African continent – following Egypt and South Africa, used to employ over 350,000 individuals when all the textile mills were functional.
The aforementioned figure as regards workforce was about 25% of the overall workers in the Nigeria’s manufacturing sector. It was of an indisputable note that the said industry was then the second highest employer of labour, following the country’s civil service.
Between 1985-1991, record has it that the sector had an annual growth rate of 67%. Survey showed that the number of mills in operation as at then was about 180 and they were all reportedly doing very well, especially the Kaduna Textile Limited (KTL) and Nigerian Textile Mills (NTM) in Lagos, which were the oldest having been established as at 1957.
It’s therefore needless to assert that the now comatose textile industry was one of the booming subsectors of the nation’s economy during the post-independent era. The current pathetic state of the industry could not be unrelated to the level of neglect experienced by it in recent times owing to the overwhelming dependence on oil revenue.
The obvious decline in, or depreciating effect of, the textile industry could be aptly traced to influx of cheaper textile fabrics from China and India, among others, sold at prices the local mills can’t compete with. This ugly trend has resulted in a drastic downfall of the industry.
It would be recalled that in 2010, the Goodluck Jonathan-led Federal Government (FG) placed ban on importation of textile fabrics. This approach – like other restrictive trade policies as at then – failed to yield the needed result.
Rather than bringing relieve in the industry as expected, the above measure regrettably ended up making the ‘smuggling industry’ to grow more wings. This unfortunate resultant effect made it possible for continued influx of textile materials into the country. It’s noteworthy that at the moment these materials have virtually zero revenue for the government’s coffer.
In a bid to alleviate the excruciating effects of the present realities, in early March 2019, the Central Bank of Nigeria (CBN) led by Mr. Godwin Emefiele made a frantic move on the moribund textile industry by adding textile materials to the list of the currently restricted items regarding foreign exchange (forex).
It would be recalled that 41 items were initially on the list, not until late last year – precisely December 10 – when the apex bank announced to the public that it had yielded to recommendations to add fertilizer to the existing list, and the item was consequently added making the total number as at then to be 42.
This implies that by subsequently including textile materials to the list, the items barred from direct access to forex have presently been increased to 43, and we have equally been reliably informed that the items would soon be up to 50.
Mr. Emefiele who disclosed this latest development penultimate month while in a meeting with the textile industry stakeholders, informed that the restriction would awaken the sleepy industry and ensure that the required growth was actualized.
The CBN’s boss, however, disclosed that – as part of the apex bank’s intervention for the industry – it would currently support the importation of cotton lint for use in textile factories with a view that the concerned importers shall start sourcing all the needed cottons locally, commencing from 2020.
He further stated that as part of the CBN’s Anchor Borrowers’ Programme, the bank would also assist local growers of cotton towards enabling them meet the entire need of the textile industry domiciled in the Nigerian State. Additionally, he notified that the Mother bank would support the Nigeria’s cotton farmers to source high yield cotton seedlings with a view to meeting global benchmarks.
It’s worthy of note that the Nigeria Employers’ Consultative Association (NECA), alongside the Senior Staff Association of Textile (SSAT), has applauded the Emefiele-led CBN over its restriction of forex to textile importers, saying it would go a long way in rejuvenating the moribund industry.
In a related reaction, the Lagos Chamber of Commerce and Industry (LCCI) has however cautioned the FG over the strong move. In his statement, the Director-General of the body Mr. Musa Yusuf opined that there was need for a strategic approach before such policy pronouncement is made.
Mr. Yusuf argued that given the position of Nigeria in Africa as a leader in fashion, the range of fabrics being produced by the Nigerian textile industry could not favourably support the industry in terms of the quantity and quality required by the consumers. He therefore urged the government to reconsider the CBN’s ‘harsh’ move.
In his swift response to the argument, Mr. Emefiele clarified that the recent measures as announced by the apex bank were targeted to revive the Cotton, Garment and Textile sector. According to the boss, “the measures were well thought out to reposition the sector for job creation and economic growth”.
To assert the least, the recent inclusion of the textile materials into the list of restricted items regarding forex couldn’t have come at a better time than now when the textile industry is almost going into extinction and the FG is intensifying its diversification mantra.
It suffices to enthuse that the frantic move is, without equivocation, a welcome development and a round peg in a round hole. I’m even of the candid view that the austerity measure ought to have been implemented long before now. If it were initiated earlier prior to this time, we probably may at the moment be witnessing a slight or colossal improvement in the affected subsector.
Nevertheless, it would be imperative to appraise a few facts that are likely to serve as barrier in regard to the anticipated progress of the policy in question. Taking into cognizance the about-to-be discussed parameters would enable the concerned authorities to aptly and timely arrive at the desired destination.
Knowing full well that epileptic power supply has hitherto been an overwhelming plight in the manufacturing sector at large, it’s preposterous to remind the FG that efforts need to be thoroughly intensified towards boosting the said source of energy. This will help tremendously to encourage the prospective cotton millers.
Similarly, towards encouraging the cotton growers, the farmers ought to be made to easily assess funds or low-interest loans to enable each of them purchase the needed machinery. It’s not anymore news that the continual deployment of crude pattern of cultivation and harvest has overtime bedevilled the Nigeria’s agricultural sector in general.
In the same vein, the governments at all levels should equally assist in providing adequate irrigation system for the farmers domiciled in their respective jurisdictions. The enabling environment must holistically be provided by the governments for business to strive.
Inter alia, acknowledging that policies of this kind are often, in the long run, frustrated by the forex black markets littered all over the country as well as importation smugglers, the FG must seriously implement measures to tactically checkmate these markets and our various borders, respectively.
The CBN’s move to resuscitate the Nigeria’s moribund textile industry is unequivocally a lofty one, but the relevant authorities mustn’t hesitate to do the needful towards making the policy yield a concrete result in the nearest future. Think about it!
Comrade Nwaozor, the National Coordinator,
Right Thinkers Movement writes via
frednwaozor@gmail.com
In a few decades ago, Nigeria as a nation could boldly and proudly boast of a globally-recognized textile industry, which was then conspicuously the pride of the citizenry economic wise.
The Nigeria’s textile industry, which was the third largest on the African continent – following Egypt and South Africa, used to employ over 350,000 individuals when all the textile mills were functional.
The aforementioned figure as regards workforce was about 25% of the overall workers in the Nigeria’s manufacturing sector. It was of an indisputable note that the said industry was then the second highest employer of labour, following the country’s civil service.
Between 1985-1991, record has it that the sector had an annual growth rate of 67%. Survey showed that the number of mills in operation as at then was about 180 and they were all reportedly doing very well, especially the Kaduna Textile Limited (KTL) and Nigerian Textile Mills (NTM) in Lagos, which were the oldest having been established as at 1957.
It’s therefore needless to assert that the now comatose textile industry was one of the booming subsectors of the nation’s economy during the post-independent era. The current pathetic state of the industry could not be unrelated to the level of neglect experienced by it in recent times owing to the overwhelming dependence on oil revenue.
The obvious decline in, or depreciating effect of, the textile industry could be aptly traced to influx of cheaper textile fabrics from China and India, among others, sold at prices the local mills can’t compete with. This ugly trend has resulted in a drastic downfall of the industry.
It would be recalled that in 2010, the Goodluck Jonathan-led Federal Government (FG) placed ban on importation of textile fabrics. This approach – like other restrictive trade policies as at then – failed to yield the needed result.
Rather than bringing relieve in the industry as expected, the above measure regrettably ended up making the ‘smuggling industry’ to grow more wings. This unfortunate resultant effect made it possible for continued influx of textile materials into the country. It’s noteworthy that at the moment these materials have virtually zero revenue for the government’s coffer.
In a bid to alleviate the excruciating effects of the present realities, in early March 2019, the Central Bank of Nigeria (CBN) led by Mr. Godwin Emefiele made a frantic move on the moribund textile industry by adding textile materials to the list of the currently restricted items regarding foreign exchange (forex).
It would be recalled that 41 items were initially on the list, not until late last year – precisely December 10 – when the apex bank announced to the public that it had yielded to recommendations to add fertilizer to the existing list, and the item was consequently added making the total number as at then to be 42.
This implies that by subsequently including textile materials to the list, the items barred from direct access to forex have presently been increased to 43, and we have equally been reliably informed that the items would soon be up to 50.
Mr. Emefiele who disclosed this latest development penultimate month while in a meeting with the textile industry stakeholders, informed that the restriction would awaken the sleepy industry and ensure that the required growth was actualized.
The CBN’s boss, however, disclosed that – as part of the apex bank’s intervention for the industry – it would currently support the importation of cotton lint for use in textile factories with a view that the concerned importers shall start sourcing all the needed cottons locally, commencing from 2020.
He further stated that as part of the CBN’s Anchor Borrowers’ Programme, the bank would also assist local growers of cotton towards enabling them meet the entire need of the textile industry domiciled in the Nigerian State. Additionally, he notified that the Mother bank would support the Nigeria’s cotton farmers to source high yield cotton seedlings with a view to meeting global benchmarks.
It’s worthy of note that the Nigeria Employers’ Consultative Association (NECA), alongside the Senior Staff Association of Textile (SSAT), has applauded the Emefiele-led CBN over its restriction of forex to textile importers, saying it would go a long way in rejuvenating the moribund industry.
In a related reaction, the Lagos Chamber of Commerce and Industry (LCCI) has however cautioned the FG over the strong move. In his statement, the Director-General of the body Mr. Musa Yusuf opined that there was need for a strategic approach before such policy pronouncement is made.
Mr. Yusuf argued that given the position of Nigeria in Africa as a leader in fashion, the range of fabrics being produced by the Nigerian textile industry could not favourably support the industry in terms of the quantity and quality required by the consumers. He therefore urged the government to reconsider the CBN’s ‘harsh’ move.
In his swift response to the argument, Mr. Emefiele clarified that the recent measures as announced by the apex bank were targeted to revive the Cotton, Garment and Textile sector. According to the boss, “the measures were well thought out to reposition the sector for job creation and economic growth”.
To assert the least, the recent inclusion of the textile materials into the list of restricted items regarding forex couldn’t have come at a better time than now when the textile industry is almost going into extinction and the FG is intensifying its diversification mantra.
It suffices to enthuse that the frantic move is, without equivocation, a welcome development and a round peg in a round hole. I’m even of the candid view that the austerity measure ought to have been implemented long before now. If it were initiated earlier prior to this time, we probably may at the moment be witnessing a slight or colossal improvement in the affected subsector.
Nevertheless, it would be imperative to appraise a few facts that are likely to serve as barrier in regard to the anticipated progress of the policy in question. Taking into cognizance the about-to-be discussed parameters would enable the concerned authorities to aptly and timely arrive at the desired destination.
Knowing full well that epileptic power supply has hitherto been an overwhelming plight in the manufacturing sector at large, it’s preposterous to remind the FG that efforts need to be thoroughly intensified towards boosting the said source of energy. This will help tremendously to encourage the prospective cotton millers.
Similarly, towards encouraging the cotton growers, the farmers ought to be made to easily assess funds or low-interest loans to enable each of them purchase the needed machinery. It’s not anymore news that the continual deployment of crude pattern of cultivation and harvest has overtime bedevilled the Nigeria’s agricultural sector in general.
In the same vein, the governments at all levels should equally assist in providing adequate irrigation system for the farmers domiciled in their respective jurisdictions. The enabling environment must holistically be provided by the governments for business to strive.
Inter alia, acknowledging that policies of this kind are often, in the long run, frustrated by the forex black markets littered all over the country as well as importation smugglers, the FG must seriously implement measures to tactically checkmate these markets and our various borders, respectively.
The CBN’s move to resuscitate the Nigeria’s moribund textile industry is unequivocally a lofty one, but the relevant authorities mustn’t hesitate to do the needful towards making the policy yield a concrete result in the nearest future. Think about it!
Comrade Nwaozor, the National Coordinator,
Right Thinkers Movement writes via
frednwaozor@gmail.com
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