Nigeria’s richest man and business Magnet, Aliko Dangote is seeking a jail term with no fine for Nigerians still selling Foreign textile materials.Information Guide Nigeria
Dangote said this at the 50th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN).
According to LEGIT.NG, he called on the National Assembly to pass a law that would penalise the sale of banned textiles by imprisoning culprits without an option of a fine.
BusinessDay reported that the National Bureau of Statistics (NBS) recorded in its trade report that textiles and textile articles by 257.9 per cent in the first three months of 2021 to N171.8 billion from N48 billion in 2020. Dangote proffer solution.
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Dangote, in his lecture titled “Agenda Setting for Industrialising Nigeria in the Next Decade” said: “For the textile industry, I believe the government should draft legislation in the National Assembly that states that anyone selling prohibited foreign textiles must face prison time without the option of a fine. So it’ll just be going to jail, even if it’s only for two years.NYSC portal
“The real issue in the textile industry is not a lack of less expensive power. The textile will not last if you give them cheaper power but allow the smuggling to continue. “What is happening is that foreign companies are dumping their products in Nigeria. “That is why I dislike importing. When you import, you are importing poverty while exporting prosperity and job opportunities.”
He added: “few decades ago textiles used to be the largest employer of labour after the federal government of Nigeria.”
“Today people would be sent to jail in India for selling foreign textiles anywhere. Also, if something is banned in the United States of America for example, there is no way it could be displayed for sale in a shop. RECOMMENDED FOR YOU Good news, breakthrough for civil servants as FG announces new minimum wage…
“But what is stopping the implementation of Nigeria’s government policies is the absence of the political will to make sure that we implement those policies no matter who is going to be upset by us.JAMB Result
“If we have a prosperous environment the insecurity will drop.”
