Home >> Ekiti News >> Don’t liquidate Gossy Water, APC Warns Fayose

Don’t liquidate Gossy Water, APC Warns Fayose

Gossy Water is one of the few surviving business enterprises of Ekiti State.
In a statement by its Publicity Secretary, Mr. Taiwo Olatunbosun, APC also blamed the governor for creating unfriendly atmosphere for businesses, regretting that instead of building on the initiatives of his predecessors to sustain job-creating businesses, the governor created conditions that hampered business operations with attendant job losses, allegedly preferring to spend money on projects awarded to his friends for personal gains.

It cited the imminent liquidation of Warm Spring Waters Limited, producers of the popular Gossy Water, as an instance of Fayose’s “neglect of government’s enterprises that have potential to keep Ekiti people in jobs.”
The board of Warm Spring Waters Ltd had given liquidation notice to stakeholders, citing the failure to pay its debts and other challenges.

Olatunbosun said it is disheartening that instead of attracting investments to the state like his predecessors, Fayose had through his alleged recklessness to the initiatives of his predecessors for investments, been driving investors away from Ekiti while existing businesses are winding up.

“One major reason for the winding up of the company is the unfavourable business environment such that there was no electricity supply to the company to run effectively for three years, including the non-patronage of the company’s product by Fayose’s administration because the company was the initiative of his predecessor.”

“It is on record that the Fayemi administration provided electricity in many communities through rural electrification, distribution and repair of transformers while liaising with the power company to restore electricity in many towns.

“Ikogosi Warm Spring Company would not have been without electricity under such an administration as it is under the Fayose administration now, resulting in huge debts overhang, which has led to its liquidation.

Leave a Reply

Your email address will not be published.