The Senior Administrative Manager of the firm, Shehu Nyatau told journalists in Jos, that the dreams of business operators and company owners in Nigeria and especially in the north is reduced to a nightmare due to insecurity in the country.
According to him, “NASCO Group of Companies is one of the largest employer of labour in the north, but the prevailing insecurity in the north has affected our market in the country negatively.

“The major market of NASCO in northern Nigeria, we do record up to 60 – 70% sales in the north, but following the crisis in the zone, our sales has dropped down to as low as 10 – 15%.

The Management of NASCO Group of Companies has blamed the prolonged security challenges bedeviling the northern part of the country for the dwindling economy of the region.

The Senior Administrative Manager of the firm, Shehu Nyatau told journalists in Jos, that the dreams of business operators and company owners in Nigeria and especially in the north is reduced to a nightmare due to insecurity in the country.
According to him, “NASCO Group of Companies is one of the largest employer of labour in the north, but the prevailing insecurity in the north has affected our market in the country negatively.

“The major market of NASCO in northern Nigeria, we do record up to 60 – 70% sales in the north, but following the crisis in the zone, our sales has dropped down to as low as 10 – 15%.

“Most of our distributors in the north do take our product to neighboring countries through routes in the north. But all this has stopped because our drivers cannot even take goods to some states in the north because their safety is not guaranteed.

“NASCO is still striving to penetrate markets in the East and Southern parts of the country because they have concentration of manufacturing company there. So, unless government act fast in addressing the level of insecurity in the north, so many companies like NASCO will soon go out of business.

“If you go to our warehouse, you will see that we have pile up of unsold stock and these stock has time frame to be sold or it will expire. We have laid off most of our workers because we can’t pay them. He lamented.

The Admin Manager appealled to the federal government to step up action to curtail the incursion of the Boko Haram sect so as to give economy of the region a breath of fresh air.
Nyatau express confidence that the security challenges may be a temporary thing, saying NASCO will bounce back when the insecurity is over in the north.

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NASCO Group: Boko Haram insurgency may ultimately lead to the closure of several factories