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Manufacturers suffer N1.5bn loss during #EndSARS looting in FTC – MAN

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By Ben Adoga

Manufacturers in the Federal Capital Territory have cried out over the looting of their equipment and goods during the #EndSARS protest looting by hoodlums.

Under the auspices of Manufacturers Association of Nigeria (MAN), they complained that they lost over N1.5 billion to hoodlums, especially in Idu Industrial Estate.

Chairman of MAN, FCT chapter, Odun Emasealu, who made this disclosure when he appeared before the Committee on EndSARS protest damages, said that about 12 factories and 4 warehouses were completely looted by the hoodlums.  He noted that the entire Idu Industrial Area was ransacked by the hoodlums in search of palliatives.

Emasealu said members of the association were yet to recover from the trauma that followed looting spree that has not just shut down their businesses, but also heightened insecurity within the Idu industrial area.

According to him, there was no government palliatives warehouse in the area, yet, the hoodlums attacked security operatives to loot their private factories.

On his part, the chairman, Federal Capital Territory (FCT) Ministerial Assessment Committee on EndSARS Protest Damages, Idris Abbas, called on the business community within the territory, especially manufacturers in Idu Industrial Area, to always insure their businesses with credible Insurance organisations.

Abbas, who received submission from some of the victims of the protest, noted that insurance companies can always provide succor when government is unable to compensate adequately for loses. He noted that the minister was disturbed by the level of looting and destruction that followed the EndSARS protests.

Abbas said the option of taking insurance covers for businesses against unforeseen circumstance cannot be overemphasised; adding that while the government would always encourage businesses to grow in the territory, economic crunch might make it impossible for governments to adequately compensate for losses.

MAN also appealed to FCT Minister, Mallam Muhammad Bello, to beef up security within the industrial layout, in order for the manufacturers to get back to business without the fears of being attacked again.

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