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FG Threatens To Withdraw Fertilizer Companies’ Licenses

National Security Adviser, Babagana Monguno
National Security Adviser, Babagana Monguno

The federal government has threatened to withdraw the licenses of two local fertilizer manufacturing companies over alleged economic sabotage.

The National Security Adviser, NSA, Babagana Monguno, issued this threat at a meeting with manufacturers of fertilizer in Abuja, saying that the attacks on oil infrastructure in the Niger Delta is being carried out with commercial explosives.

Monguno said that over 9,000 kilograms of explosives and 16,420 pieces of detonators have been used by the militants, adding that a store manager and five other employees of an explosives distribution company, alleged to be suppliers of explosives to the Niger Delta militants, has been arrested.

The incessant bombings by the Niger Delta militants and Boko Haram militants have caused both economic losses and human lives in the country.

This over time has drawn concerns from the local and international community for ways of ending the attacks.

However, the NSA was clear in his warnings that the federal government will not compromise in the provision of adequate security for its people.