A stakeholder in the
shipping industry, Alhaji Taiwo Mustapha, has identified the development of Power sector as key component to the development of the country.
Alhaji Mustapha who spoke to Aviation correspondents recently at the Port Harcourt International Airport, Omagwa said the leadership of the country must work to improve the economy through the provision of conducive environment for investors.
He opined that the high unemployment rate in the country gives course for worry and suggested encouragement of job creation in the agricultural sector to provide employment and food security.
Alhaji Mustapha who is the Group chairman Quizka Pyramid Shipping, lamented the problems facing investors in the manufacturing sector, stressing that “to set up an industry you must think about power, when we have power supply industries will come up but without electricity to engagae in the manufacturing business because of the huge cost of generating power.”
The shipping magnet further stated that the cost of runway generator to provide power is enormous and capable of taking away profit of an investor, adding that “until we get it right in the power sector, industries will continue to close down.”
On the $20billion NNPC missing fund, he said the money is enough to turn around the country in terms of provision of infrastructural facilities and advised the federal government to get to the root of the matter if the fight against corruption must be taken seriously.
“We need to face reality in this country and the point remains that we know our problems, injustice and impunity, if the economy of the Nigeria is okay, nobody will talk about conference or the class of people to represent any interest, what are they going to discuss at the conference,” he said.
Alhaji Mustapha charged politicians to provide good governance and give Nigerians a sense of belonging rather than engage in acquisition of wealth be enriching themselves to the detriment of the people.