Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Bank Customers To Pay USSD Charges With Airtime – NCC

    June 4, 2025

    Amaechi Accuses Outgoing INEC Chairman Of Bias

    June 4, 2025

    Sanwo-Olu Snub: Presidency Plans Damage Control With Lekki Deep Sea Port Commissioning

    June 3, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Bank Customers To Pay USSD Charges With Airtime – NCC
    • Amaechi Accuses Outgoing INEC Chairman Of Bias
    • Sanwo-Olu Snub: Presidency Plans Damage Control With Lekki Deep Sea Port Commissioning
    • Benue Killings: COAS Oluyede Relocates To Makurdi
    • Close Your Eyes in Shame, APC Tells Amaechi, Atiku and El-Rufai
    • Fubara Made Himself A Tool For My Enemies To Fight Me – Wike
    • I Don’t Know Why Amaechi Will Chose His 60th Birthday To Tell Lies – Wike
    • Eid-ul-Kabir: FG Declares Friday, Monday Public Holidays
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Wednesday, June 4
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Unresolved Fees: Governor Sanwo-Olu Urged To Reopen Sealed Factories
    2 Mins ReadDecember 28, 2024

    Unresolved Fees: Governor Sanwo-Olu Urged To Reopen Sealed Factories

    By TheScrutinyNGDecember 28, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Governor Babajide Sanwo-Olu of Lagos State has been urged to intervene and ensure that several factories sealed by the State Water Regulatory Commission (LASWARCO) over unresolved water abstraction fees were reopened.

    The Manufacturers Association of Nigeria (MAN) made the appeal in a letter by the association’s Director General, Segun Ajayi-Kadir, wherein it criticized LASWARCO’s recent actions, calling them “ill-timed and quite unfortunate.” Ajayi-Kadir noted that the closures occurred despite on-going negotiations and previous agreements aimed at resolving the matter.

    “MAN is appalled by the inauspicious act of the Lagos State Water Regulatory Commission (LASWARCO) in sealing factories over their purported refusal to pay the astronomical and unjustifiable water abstraction fees imposed by the commission. This action is ill-timed and quite unfortunate, as the commission and MAN had engaged in meaningful dialogue and reached some agreements over the lingering issue about three months ago,” Ajayi-Kadir said. According to MAN, discussions between LASWARCO and affected manufacturers were advancing toward a resolution, with a Memorandum of Understanding (MoU) slated for implementation in January 2025. However, the association alleged that LASWARCO’s decision to shut down factories during the Yuletide season undermined the progress made in negotiations.

    “Only three weeks ago, another round of discussions took place between LASWARCO and representatives of MAN, including affected member companies. It is while these discussions were on-going that the commission decided to cause this major and unwise shutdown of the companies,” he added. Highlighting the broader challenges facing manufacturers, Mr. Ajayi-Kadir painted a grim picture of the industry’s current state. He described how exorbitant water fees, alongside other regulatory pressures, are exacerbating an already difficult business environment.

    “A situation where industries are burdened with payments in excess of N100 million for generating water for production purposes, in the face of government’s failure to supply same, is unfair. The exorbitant fees and the untoward means of extracting payment exemplify the negative impact of tyranny of regulation on private business,” he lamented. The association revealed that manufacturers nationwide are grappling with over N1.2 billion in unsold inventory, borrowing costs exceeding 30 per cent and a 250 per cent surge in power expenses. Furthermore, they face between 60 to 120 different taxes, fees, and levies imposed by various tiers of government and other entities,” he noted.

    Author

    • TheScrutinyNG
      TheScrutinyNG

      View all posts
    Babajide Olusola Sanwo-Olu MAN Manufacturers Association of Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    TheScrutinyNG
    • Website

    Related Posts

    Banking & Finance

    Bank Customers To Pay USSD Charges With Airtime – NCC

    June 4, 2025
    Featured

    Amaechi Accuses Outgoing INEC Chairman Of Bias

    June 4, 2025
    Breaking News

    Sanwo-Olu Snub: Presidency Plans Damage Control With Lekki Deep Sea Port Commissioning

    June 3, 2025
    Featured

    Benue Killings: COAS Oluyede Relocates To Makurdi

    June 3, 2025
    Breaking News

    Close Your Eyes in Shame, APC Tells Amaechi, Atiku and El-Rufai

    June 2, 2025
    Featured

    Fubara Made Himself A Tool For My Enemies To Fight Me – Wike

    June 2, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Bank Customers To Pay USSD Charges With Airtime – NCC

    June 4, 2025

    Amaechi Accuses Outgoing INEC Chairman Of Bias

    June 4, 2025

    Sanwo-Olu Snub: Presidency Plans Damage Control With Lekki Deep Sea Port Commissioning

    June 3, 2025

    Benue Killings: COAS Oluyede Relocates To Makurdi

    June 3, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.