The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
Facebook Twitter Instagram
Trending
  • Osun workers salute Gov. Adeleke for approving payment of salary arrears 
  • 2022: Google, Apple confirm lull in last quarter
  • We are not on a” witch hunting” mission, Lawmakers tell INTERPOL chief
  • Bank speaks as customers fight inside banking hall + Video
  • Alleged blackmail of Military: We stand by our petition to Buhari — CUPP
  • Oyebode to Information Officers: Give Ekiti activities adequate publicity
  • Kylian Mbappe: Paris St-Germain striker to miss Champions League tie with injury
  • Ebora fights Artikú over special purpose vehicle, by Tunde Odesola
Facebook Twitter Instagram
The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
The Eagle OnlineThe Eagle Online
Home»News»Businesses dying over high cost of diesel – NCCIMA
News

Businesses dying over high cost of diesel – NCCIMA

The Eagle OnlineBy The Eagle OnlineJuly 15, 2022Updated:July 15, 2022No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nsukka Chamber of Commerce, Industries, Mines and Agriculture (NCCIMA) says agriculture businesses in the area are dying over the high cost of diesel.

The Director-General of the chamber, Dan Ochi, disclosed this Friday in an interview with the News Agency of Nigeria (NAN) in Enugu.

Ochi, who is also the Managing Director, Global Farms, said the worst affected were the tomatoes and pepper production businesses that depended on diesel for irrigation purposes.

“We have stopped the production of our tomatoes and pepper because we can no longer run our irrigation machines at the current pump price of diesel.

“Our business started when the pump price of diesel was N200 but it is over N800 now and this does not in any way support business,” he said.

The director-general said companies that were into the production of fresh tomatoes, yellow and red pepper, popularly called ‘Nsukka Pepper’, had closed for business, leading to job losses.

“We have a greenhouse farm with an irrigation system where we produce tomatoes and pepper both in rainy and dry seasons.

“We supply to processing organisations. Sometimes we dry them and sell locally. We pump water from 650 feet deep because water is a major raw material for the production,” he said.

 According to Ochi, no amount of effort can make one to break even at the current high cost of diesel.

“We were producing one metric ton every month but most of our workers have been asked to go home,” he said.

He said that it was sad that most government policies were not supportive of small enterprises.

He described the business environment in the South-East as not encouraging due to several factors.

“The business environment in the South-East is poor. The road infrastructure is deplorable, coupled with extortion by various security agencies on the road.

“All these add up to increase the total cost of the goods,” Ochi said. 

Dan Ochi Enugu State NCCIMA
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
The Eagle Online

Related Posts

Osun workers salute Gov. Adeleke for approving payment of salary arrears 

February 3, 2023

We are not on a” witch hunting” mission, Lawmakers tell INTERPOL chief

February 3, 2023

Oyebode to Information Officers: Give Ekiti activities adequate publicity

February 3, 2023
© 2023 The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.