Finance minister blames Buhari’s govt for shutdown of 800 companies in Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has attributed the shutdown of approximately 800 companies in Nigeria during 2023 to the policies and economic conditions inherited from the previous administration led by former President Muhammadu Buhari. He clarified that the economic challenges leading to the exit of these companies were not a result of the current administration under President Bola Tinubu.

“The departure of these companies from Nigeria’s economic landscape did not happen overnight; factors like market instability, unfulfilled promises, and breaches of contract forced them out,” Edun stated.

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