Also, the President of the Manufacturers Association of Nigeria , Francis Meshioye, said more multinationals would exit Nigeria if an electricity hike was implemented.
Speaking with DAILY POST in an interview on Monday, an accounting and financial development don at Lead City University, Ibadan, Prof Godwin Oyedokun, blamed the government for the rise in the number of companies shutting down in Nigeria. “I expected Tinubu’s administration to stabilise governance, but that is not the case. Assuming the political offices have been filled, the anxiety in the economy will have been reduced. People do business to expect profit in returns, but collapse is imminent if that is not the case.”
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