The Manufacturers Association of Nigeria (MAN) has expressed their worries over the recent kidnapping of the managing director of Fouani Group, a member of the Association.
The director-general of the Association, Segun Ajayi-Kadir said the incident, which occurred recently, has left the entire manufacturing community shocked and concerned about the safety of its chief executives and indeed, its workforce .
He said, the Association, on receiving the news of the unfortunate incident, frantically made contact with relevant authorities, including security agencies, to express its deep concerns and to reaffirm its confidence in the ability of the agencies to briskly bring an end to the nightmare.
“We are glad that the efforts of the security agencies paid off and yielded results without casualties among the victims,” Ajayi-Kadir said.
MAN commended the security agencies for the safe release of Fouani.
The Association urged for intensified efforts to tackle the rising cases of kidnapping and insecurity in the country, as it poses a significant threat to the business community and the overall economic development of Nigeria.
“This if not checked, will erode investor confidence in the economy and further jeopardize the efforts of the present administration of President Bola Tinubu at repositioning the economy for growth.
“The association remains concerned about the safety and well-being of its members and will continue to collaborate with authorities to address security challenges facing the operators in the manufacturing sector in particular and the nation in general,” he added.
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