SMEs in Abuja Struggle with Rising Costs under Tinubunomics, Call for Policy Reforms
Small and medium enterprises (SMEs) in Abuja are facing challenges under the economic policies of President Bola Tinubu, known as "Tinubunomics." Business owners in the Federal Capital Territory expressed concerns over rising costs of doing business, including high energy costs, inflation, poor infrastructure, and looming tax burdens. Despite official reports of a slight decrease in inflation, the reality on the ground shows persistently high prices affecting SMEs' profit margins.
Entrepreneurs like Grace Okon and Esther Cletus highlighted the impact of high electricity and fuel costs on their businesses, emphasizing the need for sustainable economic policies to support SME survival.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Abuja SMEs Under Threat from Rising Costs and Taxes - Tinubunomics Impact
Nigerian Small Businesses Struggle Amid Declining Inflation
Tinubu Targets 7% Growth By 2027, Orders Review of Deductions By NNPCL, Others
Tinubu's Adviser: Nigerians Benefit from Lower Food Prices
Peter Obi Slams Tinubu's Government for Neglecting Economy, Urges Responsible Governance
Adebayo Assesses Tinubu's Economic Impact, Calls for Revenue Boost
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
