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.