Independent Media and Policy Initiative (IMPI) has allayed fears over the shutdown of 767 companies in Nigeria due to infrastructural deficits and economic downturn.
Independent Media and Policy Initiative has allayed fears over the shutdown of 767 companies in Nigeria due to infrastructural deficits and economic downturn.Independent Media and Policy Initiative has allayed fears over the shutdown of 767 companies in Nigeria due to infrastructural deficits and economic downturn.
It noted: “Compared to the Manufacturers Association of Nigeria’s announcement of 767 companies’ shutdown in 2023, an apparent public revelation to serve as a depression trigger for the country, people and government, the Small Business advocacy group in the United Kingdom frames the 345,000 business closures in that country as: ‘More businesses closing down than starting up for the first time in 12 years’.
IMP continued: “As routinely rendered, we are further informed by the Indian data that there were over 11,000 new firms started for every one of the 175 shutdowns in 2022. The organisation, while stating that the economy is on track, submitted that advocacy groups that are always quick to dig up negative narratives prefer to ignore the many positives in the economy despite global headwinds.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Independent Media and Policy Initiative has allayed fears over the shutdown of 767 companies in Nigeria due to infrastructural deficits and economic downturn. Former students of University of Benin, who visited the school for their certificates and statements of results, were stranded yesterday, following nationwide warning strike by two non-academic unions in Nigerian universities.