Abuja SMEs Under Threat from Rising Costs and Taxes - Tinubunomics Impact
Small and Medium Enterprises (SMEs) in Abuja are struggling as rising fuel, electricity, and tax burdens threaten their survival. Business owners are voicing concerns over the escalating operational costs, including food, fuel, and electricity expenses, alongside impending tax reforms set for 2026.
Despite official figures showing a slight ease in inflation, SMEs are grappling with high energy bills, policy uncertainties, and inadequate infrastructure. Entrepreneurs like Grace Okon and Esther Cletus are feeling the pinch of increased costs, with fears that new taxes could drive many businesses to extinction.
Traders also highlight challenges posed by poor road networks affecting their operations.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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