of their itinerary to include meeting with business executives and business owners with the sole aim of attracting them to invest in Nigeria. Indeed, the first eight years of Nigeria’s current democratic dispensation saw the former… of their itinerary to include meeting with business executives and business owners with the sole aim of attracting them to invest in Nigeria.
To start with, successive governments in Nigeria have consistently failed to realize that Nigeria’s business climate will remain only motion without movement until adequate solution is found for the nation’s power situation. Erratic and epileptic power supply have usually forced most business owners to resort to burning of diesel on daily basis with the resultant effect on the prices of manufactured products.
As if the menace caused by poor and inadequate electricity supply is not enough, the taxes imposed on business ventures by various tiers of government are quite unimaginable, and shows very clearly a clandestine attempt to force the various businesses under when in actual fact, a responsible government would seek the rapid expansion of businesses in a way that can address employment deficit thereby reducing the growing unemployment in the country.
Due to all these problems facing business owners in Nigeria, many have been forced to fold up prematurely thereby throwing their workers back to the employment market. Some too, rather than fold up, only relocate to other neighboring countries where the business climate is more conducive and favourable. In both situations, the losers are always the retrenched workers who have to start all over again roaming the streets searching for non-available jobs.