The Galvanised Iron and Steel Manufacturers Association , which raised the alarm at a news conference in Abuja, yesterday, said smugglers are taking advantages of the weaknesses in the DI system to smuggle in substandard iron and steel materials into Nigeria.
The Association also called on the Federal Government to investigate the allegation and take necessary action to stop the revenue leakage for the country, particularly at this time the Nigeria needs every kobo to address infrastructural challenges at home.It cited the Onne and Calabar ports as outlets where these smuggling activities are very steep.
“Abandonment of pre-inspection of goods at the point of entry has created leeway for smugglers to flood the Nigerian markets with substandard products, including steel products. It has also made the nation’s borders and seaports porous, leading to influx of illegal arms and explosives into the country. Such a development is inimical to national economic development and national security.
He further noted that “Smuggling could be a factor contributing to the growing insecurity as it has made many companies to liquidate and millions of jobs lost, thereby increasing the vulnerability of the jobless to take to crime as a means of survival, though condemnable. Smuggling of steel products has led to over three million direct job losses and about seven million indirect job losses.”
What is the effort of this present government in Ajaokuta steel company. The more the country continue to pay lip service to the steel company we had, the more the loss will continue to run
Wastages
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