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<p>Abbas Yushau Yusuf</p><div class="wgtDQGRA" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>Insecurity and lack of purchasing power has caused industries in Kano and Jigawa axis to lose 300 Billion Naira yearly.</p>
<p>The chairman manufacturers association of Nigeria Kano Jigawa axis Sani Hussein dropped the bombshell in an exclusive interview with NIGERIAN TRACKER in Kano.</p>
<p>He said myriad of problems are seriously affecting revenue generation in Kano Industries and top among them is banditry that ravaged Northwestern states of Katsina,Zamfara and Sokoto.</p><div class="zDHjrQCA" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p><a href="https://nigeriantracker.com/2022/07/01/power-outage-in-3-month-100-industries-shut-down-in-kano/">Power Outage :In 3 Month 100 Industries Shut Down In Kano</a></p>
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<p>He said the purchasing power of their business partners have drastically reduced because of insecurity that affected the states.</p>
<p>According to Sani Hussein most of those patronizing them can not go to the farm due to the recurring problem and they can not travel to make purchases.</p>
<p>He pointed out that most of the markets in those states have closed due to the fear of the unknown as a result of banditry.</p>
<p>Another hindrances to the lost of revenue in the industries are high cost of energy due to the rising cost of foreign exchange.</p>
<p>He said for the scenario to change there must be an improved security in the northern states and Nigeria in general.</p>
<p>Another hindrance is also lack of availability of foreign exchange.</p>
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<p>He said the estimated loss of 300 billion Naira by the industries in Kano is a yearly palaver which need to be addressed.</p>
<p>Sani Hussein said one of the things seriously negating their operation is the fixed cost where one has to make production for the companies to operate which include servicing,paying staff , maintaining the engines</p>
<p>He added that since the purchasing power has abysmally reduced they also have to reduce production because one can not keep commodities in the store and may decompose.</p>
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