“Shutting off the factory does not necessarily help the controversial issue of compliance on tax remittable to Kogi state government. Rather a continuous operation of the plant would more likely facilitate a faster resolution of the dispute,” he said.
The LCCI, in its statement signed by its Director General, Dr. Chinyere Almona said the attack on the cement factory reflected the poor handling of investment protection issues in the country.
The Chamber said it believed there are more decent ways to handle regulatory and legislative matters concerning businesses in Nigeria than resorting to violence. According to the Chamber, the invasion of the Dangote Cement Factory by youths that led to the shooting of factory workers is unfortunate and avoidable.
READ ALSO:
- Lagos Police Extort N100,000 From Resident After Forcing Him to Label Himself a ‘Yahoo Boy’
- Teenager strangles mother to death
- Ford to end production of Focus in 2025
“We advocate a win-win situation for businesses and the government. We will therefore call on all parties to exercise caution and be protective of jobs, assets of production, and government revenues from corporate organisations like Dangote Cement Factory,” she added.
The LCCI boss noted that the Federal Government and Kogi State Government had hitherto benefited from business revenues and social investments, and added that, “It is therefore expected that the government would be interested in creating an enabling business environment that can attract both local and foreign investors. And where there are infractions, handling such should be in accordance with best practices and the rule of law that protect investors’ rights and human lives.”
The Abuja Chamber of Commerce and Industry in a statement signed by its Director General, Ms. Victoria Akai urged the state government to employ dialogue in resolving whatever differences it has with the cement company so as to protect the image of the state as an investment destination.
The Kogi government on Wednesday sealed the plant, formerly owned by the state government, on the allegation that it was improperly acquired by Dangote Industries Limited, the parent company of the cement giant.
The state Commissioner for Information and Communication, Kinsley Fanwo, in a statement, said the state government sealed the factory in Obajana following agitations by Kogi indigenes on the questionable circumstances surrounding the acquisition of the company.
Daily Trust