Nigeria Employers’ Consultative Association (NECA) has raised an alarm that the Lagos State is sending a wrong message to investors over the recent sealing of three factories in the state for extracting large quantities of groundwater without proper authorisation.
This action, NECA warns, is capable of scaring investors away from the state.
Earlier in the week, the state government through the Lagos State Water Regulatory Commission (LASWARCO) sealed the factories of Nigerian Bottling Company (producers of Coca-Cola), FrieslandCampina (makers of Peak Milk), and Guinness Nigeria Plc – for extracting large quantities of groundwater without proper authorisation.
