NECA said limited cash-flow was an impediment to operations and over 90 per cent that demand for their goods and services had significantly reduced.
NECA’s Acting President, Taiwo Adeniyi, who made the disclosure at a news conference on Thursday in Lagos, also said 15.8 per cent of businesses were either fully on site or tele-working.
“The disruption of supply chains resulted in 78.2 per cent of enterprises having supply challenges as suppliers were unable to fulfill orders,’’ he said. According to him, the introduction of fiscal and monetary measures to ameliorate the impact on businesses and save the economy from further collapse was commendable.“With many businesses closed down and many others on the verge of bankruptcy, we have urged the government to give attention and support to businesses to ensure their survival and competitiveness.
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