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Looting: Nigeria losing investment friendly attraction -NACCIMA

NEWSMAN, Abuja – Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) have said efforts to project Nigeria as favourable and an investment friendly destination to investors have become futile with the ongoing looting and destruction of properties.

National President, NACCIMA, Saratu Aliyu, in a statement lamented that business operations in the country had been seriously impacted as billions had been lost to arson and looting in Lagos and other parts of the country.

“NACCIMA’s  efforts as a national chamber to help project our country as a favourable and  investment friendly destination to our business partners abroad, and other foreign investors over the years is now suffering a  serious setback.

“Unfortunately, a hitherto peaceful, legitimate protest has been hijacked by thugs and miscreants,  resulting in attack on businesses, destruction of government properties, burning of police stations and correctional centres to free prisoners,” Aliyu lamented.

“We cannot sit by and allow the looting and other criminal acts by hoodlums to go on unchecked”, she added.

According to her, the situation of things is disheartening especially at a time Nigerians are struggling with the negative impact of COVID-19 on the economy, saying it was important not to aggravate the economic woes of Nigeria any further.

She condemned the wanton destruction of properties and looting by hoodlums who had hijacked the peaceful protests restating that “we cannot sit by and allow the looting and other criminal acts by hoodlums to go on unchecked”.

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