CBN Survey: Insecurity and High Taxes Hinder Nigerian Businesses Despite Rising Optimism

The Central Bank of Nigeria's survey highlights the significant constraints faced by Nigerian businesses in November 2025, including insecurity, high taxation, and unreliable power supply. The Business Expectations Survey indicates a strong business confidence index, with expectations of growth, employment, and exchange rate stability.

Insecurity, multiple taxes, and insufficient power supply are the top three constraints affecting businesses. The survey also points out challenges such as high interest rates, tight monetary conditions, and poor infrastructure.

Despite these obstacles, there is an overall positive outlook for the Nigerian economy, especially in sectors like industry and agriculture.