Lagos Assembly raises alarm over relocation of companies to Ghana
By Akinwunmi King, Reporter, Lagos

Members of the Lagos State House of Assembly have expressed concern over the relocation of manufacturing industries from the country to Ghana due to lack of incentives and the acute power problem in Nigeria.




http://odili.net/news/source/2009/jun/23/408.html


This was brought to the attention of the House under Matters of Urgent Public Importance by Sanai Agunbiade, chairman, House Committee on Commerce and Industry.

According to Agunbiade, manufacturing companies in Nigeria are already folding up, to relocate to Ghana and take advantage of the liberal investment incentives there.

He stated that the implication for the state is high unemployment rate and increase in criminal activities.

While attributing the development to constant power outage, he added that "manufacturers in Nigeria are crying over the power situation in the country which is the real bane of our manufacturing sector.

"I think Lagos State Government should call on the Federal Government to allow us implement the Independent Power Project (IPP) and distribute power to industrial areas, because Lagos would be most affected by these movements of industries to Ghana ".

While lending her voice, Deputy Chief Whip of the House, Lola Akande, advised that such a concession should be given to all states to avoid mass movement of people into Lagos.

Contributing to the debate, Chairman, House Committee on Finance, Adeola Olamilekan, said it is high time the Federal Government decentralised Power Holding Company of Nigeria (PHCN), because huge funds injected into the body has not yielded anything.

Why should we be alarmed when their is hardly light in lagos or naija as a whole

The so called fools are just realising what most business have know for about 15 years.

At this rate, every potential investor from the west or far East will head to Ghana instead of Nigeria yet we are the largest consumer nation in Africa.

asha 80:

Why should we be alarmed when their is hardly light in lagos or naija as a whole 

Ghana does not have a steady power supply yet.

Aloy.Emeka:

Ghana does not have a steady power supply yet.

it is about security not light. didnt someone say there is an airline crew that sleep over in ghana now. why invest in a place everyone think it is their God given right to steal or take by force what they didnt work for? businesses go where there is security for personel and goods

It was long overdue

no power supply, no basic infrastructure, fluctuating policies, nonsense tax policies

tymoti:

no power supply, no basic infrastructure, fluctuating policies, nonsense tax policies

I agree with you.
electricity is the pillar
of any company.without
it such company is set for war.

Let us watch and see what these people
will do with billions of naira that was release
all for so call power in our dear country Nigeria.

Ghana recently celebrated 10 years of uninterrupted power supply so please get your facts right.

msaalli:

Ghana recently celebrated 10 years of uninterrupted power supply so please get your facts right.

even the US cant boast of that though.

Nigerians should continue celebrating ten years of uninterrupted power in Ghana that’s all good, it shows our magnanimity, that part of our character I wrote about, that thing that makes us the kindest people in Africa. Meanwhile, amidst the celebrations, banner waving and confetti throwing, we should amend that part of the constitution that undermined states pursuing independent power programs, corporate more with China and then we too can have uninterrupted power too. 

well maybe there is lower production costs in Ghana. businesses don't make money based on sentiment or loyalty.