One month after fuel subsidy was removed in Nigeria, many entrepreneurs and business owners are bearing the brunt. At his swearing-in as President, Bola
One month after fuel subsidy was removed in Nigeria, many entrepreneurs and business owners are bearing the brunt.
Despite claims by the Federal Government that it will put measures to cushion the effect of subsidy removal, its decision has caused widespread economic consequences as no measure has been put in place. ”Some businesses run on generators, about 70% of businesses run on generators. Diesel is already expensive. Fuel is the major source of energy in Nigeria, so there is a great impact on businesses, especially for young people who are striving to survive. It is a right and wrong move to make, the timing is not right.
“Nobody does things abruptly, because you know you have investors coming in, you have people that your policies are going to affect, you do it gradually.
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