How Smuggling, Insecurity Threaten Steel Development


It is saddening and worrisome that increased smuggling of steel products into the country is inhibiting the efforts of the federal government to grow the economy.

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.

Smuggling of steel products has led to over three million direct  and about seven million indirect job losses.

Addressing journalists during a media interaction convened by the Galvanised Iron and Steel Manufacturers Association (GISMA) in Abuja, the association’s director, public affairs and media, Bello Mohammed, decried the high rate of smuggling of steel products, saying the smuggled substandard steel products compete neck to neck with locally produced qualitative steel products, adding that smuggled substandard steel products are freely traded in  the markets.

“GISMA as a body under…

Source: Leadership Newspaper