ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

Looting: MAN seeks financial support for affected businesses 

30th October 2020
in Business
0
Nigeria, Zimbabwe on the fence as Zambia, Botswana sign AfCFTA
0
SHARES
100
VIEWS
Share on FacebookShare on Twitter

Merit Ibe

The Manufacturers Association of Nigeria (MAN)  has called  on governments  at all levels  and commercial banks to set up interest free trust and intervention funds to support businesses affected by the recent looting and vandalism by ENDSARS protesters across the country.

MAN noted that the attacks on properties of its members, private and government establishments had  serious economic impact on the economy.

The Association’s Acting Director General, Ambrose Oruche,  who made the appeal, urged government to increase efforts at quelling attacks on properties. 

Commiserating  with families of those who lost their lives, the Association demanded that they be adequately  compensated. 

Disclosing that it was still compiling  the list of some of its members whose properties  were looted or vandalised, Oruche emphasised  that the funds were necessary in view of the current challenging economic conditions of the nation. 

He admitted   that some banks had created a special fund to support victims, and appealed that more commercial banks should lend support to individuals and businesses trying to rebuild.

“No doubt, the economy has been impacted by this ugly incident of looting and arson of public and private businesses.

“Some banks like Access Bank have come up with interest-free facilities and the Lagos State government with palliatives for businesses.

“I want to appeal to other commercial banks to assist those who have lost valuables to this incident.

“We want the government to set up a trust fund for people that were affected for them to recover and continue to create employment.”

While appealing  to government to address the issue of national security, and the police to adopt use of modern technologies in investigations and protection of lives and properties, Oruche advised government to consider the introduction of community policing where necessary.

Rapheal

Rapheal

Related Posts

FG restates commitment to lift 100m Nigerians out of poverty
Business

How we spent $5.6bn COVID-19 fund –FG

23rd April 2021
How litigations, political rift may stifle NLNG’s growth
Business

Infrastructure devt: FG grants N20bn tax waiver to NLNG

23rd April 2021
Viability of Bank of Industry’s loans in strong headwinds
Business

BoI to tackle youth unemployment with tech hubs

23rd April 2021
Next Post
Buhari’s 60th independence anniversary address

COVID-19: Nigeria’s economy too fragile for another lockdown –Buhari

Nigeria to battle for AfroBasket 2021 ticket in Kigali

Group wants referendum to decide future of Nigeria

100 kidnappers, armed robbers arrested in Kano

Private schools in Kano fault fee slash directive

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Ebube Agu and the need for state police

Financial autonomy for state legislature/judiciary

Imo: Uzodimma’s many battles

End of an era as activist, Odumakin is laid to rest

Umahi and Ebonyi’s security challenge

A fearless activist now rests: Tribute to Yinka Odumakin

Trending

Boko Haram: Does the military deserve our support?
Columns

Pantami and inadvertent support we give terrorist groups

23rd April 2021
0

A little over nine months ago, specifically on July 17 last year, I wrote, on these pages, ...

It’s time to  rethink Nigeria

Isa Pantami and the national question

23rd April 2021

Art, nature and the environment

23rd April 2021
The economy and social investment programme

Ebube Agu and the need for state police

23rd April 2021
IGP ban of FSARS greatest relief ever –Govs

Financial autonomy for state legislature/judiciary

23rd April 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist