The Association of Mining and Construction Equipment Owners and Operators of Nigeria (AMCEOON), has called on the Federal Government to come to their aid at ensuring that they remain in business as the cost of maintaining their machines has skyrocketed.
The association made this appeal on Tuesday during it’s 2021 annual general meeting in Lagos.
Members called on the government to help them out of the quagmire they are facing due to the increase in price of machines parts and maintenance of equipment.
The operators emphasised that for them to remain in business and serve the nation well, the Federal Government needs to come to their aid urgently.
In a chat with newsmen, an official of the association, Otunba Remilekun Balogun disclosed that the exchange rate of dollar to naira is killing their business as most powerful among them are running out of business as they can’t maintain their machines, while those who are maintaining cry bitterly over their inability to break even.
He said, “We have called this meeting to brainstorm on the increasing rate of dollars to the naira. Most of our people are crying over their inability to mark up in their businesses.
“The high cost of clearing machinery parts at the ports is worrisome and unfortunately, the government is not helping us. It’s on this note that we want to appeal to the federal government to come to our rescue for us to remain in business. Our members are dying under the burden of debt.”
Also, Speaking, Chief Kayode Shobande, in his remarks at the end of the meeting, expressed sadness over the inability of the government to put in place measures to assist members of the association.
He urged the government to put in place measures that will help ameliorate their sufferings from the hike in ports clearance of their heavyweight machines.
“We have to meet as equipment owners to look at possible ways of getting out of the debilitating debt mounting upon our members over their inability to make profits. We are government contractors, but we can hardly progress with the situation of things across the country.
“The cost of virtually everything has gone up, so we will ultimately bear the high cost this will bring at the end because if our equipment breaks down, the cost of repairs will be borne by us. Most of us are out of businessI now, as most of our machines have broken down at sites and the expected money won’t be enough to carry out the repairs,” Shobande said.
For his part, Engineer Adekunle James, called on the government at the state and federal levels to come to their rescue for them to remain in business and have something to feed their families at home.