Despite the continuous promise ofv the newly inaugurated government that his government is going to promote enabling environment that will boost in more business development, yet I don't see how this is possible or achievable with the current situations in the country. Ever since the removal of fuel subsidy, the cost of running business operation has double. Workers are lamenting because f transportation cost. It is difficult to get cheap labor in the market again. Thev cost of raw materials has skyrocketed. Recently, the federal government announced its in tension of removing its subsidy on electricity which would inadvertently increase the electricity charges. How can the government achieve itsv aim of boosting business then?
Any future for business development in Nigeria?.
- Thread starter hastral45
- Start date
To be honest i have stopped relying on the government for anything, i just tend to find a way to survive and cope with whatever new law or policy they put together. Cause majority of the time, they are simply after themselves alone and not the people.
I think that there are many kind of businesses that could improve in all the countries. However, this depends on many factors like the economy of the country and position of the country in the international market.
And I think it is good for every business to be able to manage itself in whatever economy that is find itself. Even if the economy is good or bad, they should still find a way to make it succeed
With the kind of bright minds we have in Nigeria, there is a big hope for business development in Nigeria. Just the right infrastructure and support is needed. But even as it is, business sector is really developing in Nigeria.
