Nigeria (STOAN) on Tuesday said that some of their operations in 2014 slowed
down due to changes in some government policies.
this in an interview with the News Agency of Nigeria (NAN) in Lagos.
a result of the change in some policies which did not consider the concession
agreement and their business projections.
of surprises and you know naturally, businesses don’t like uncertainties.
certainty, stability within the system, especially in terms of government
year, and don’t forget we have a concession agreement that was signed and
predicated on certain assumptions; and projections and forecasts.
agreement, it upsets a lot of things and that is what we saw happen all of last
year,” Akinola said.
operations of some terminals that were handling bulk cargo like rice and fish.
also affected by the new automotive policy, which he said was significantly
aimed at reducing the volume of vehicles imported into Nigeria.
strong faith and confidence in the Nigerian economy despite the setbacks, “and
believe that policies will get more stable with time and
the nation’s economy will continue to grow’’.