Yemisi Izuora
The Manufactures Association of Nigeria (MAN) has lamented cost of production specifically arising from electricity charges.
It therefore called on the Federal Government to intervene in the travail of the sector.
Director General of MAN, Mr. Remi Ogunmefun said Nigerian steel, as certified by the Standard Organisation of Nigeria (SON) could compete with any other across the world due to high quality of its products.
Ogunmefun said for the industry to survive government should create special electricity tariff for the sector as well as look into the challenges of road infrastructure as both affect the steel industry growth.
He also urged government to address the issue of communities interfering with the activities of steel manufacturers in the country, saying: “It is again painful that most chieftains and land grabbers in most of the communities where these steel companies are located interfere, with the aim to extorting money from the companies.
This also is a big issue that must be addressed apart from the multiple taxation that the companies are exposed to,”.