Saturday, December 14, 2024

Nigeria loses approximately N1 in revenue

The Gothenburg Print Professionals Association of Nigeria (GUPPAN) stated that the country is losing approximately N1 trillion in revenue.

On Thursday, the President of GUPPAN, Adekinle Adebambo stated that the situation has deteriorated to the extent that all the major printing press is not functional.

He said, “As we speak today, the problem of the printing industry requires urgent national intervention because on an average, we are losing a revenue of about N1 trillion as a result of our inability to revive our printing sector which would have generated revenue, create jobs and attract investments.

“If addressed and revitalised, we can stop the constant importation of books and other printed materials as our research shows that we spend over N200 billion annually to import books and other printed materials.

“Today, when you go to the airports, you will see cargoes bringing in books; in the seaport same thing. This needs to stop and it starts with efforts to revitalize large printing presses.”

He further emphasized that Federal Government should develop a national policy on printing sector. They should also make sure that the policy tackle the social challenges in the country.

Blessing Ajoku
Blessing Ajokuhttp://naijatraffic.ng
Blessing Ajoku is a dedicated journalist with NaijaTraffic News, specializing in breaking news coverage on politics, business, and local developments. With a sharp eye for detail and a passion for delivering accurate, timely reports, Blessing provides in-depth analysis and keeps readers informed on key events shaping Nigeria and beyond.

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