Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,697 members, 7,816,855 topics. Date: Friday, 03 May 2024 at 06:53 PM

Buhari's Body Language Is Dangerous For Nigerian Businesses. - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Buhari's Body Language Is Dangerous For Nigerian Businesses. (743 Views)

N-SIP Initiative: FG Introduces Free Funding & Training For Nigerian Businesses / Whats The Current Fixed Deposit Interest Rate For Nigerian Banks / It Is Dangerous To Have Salary As Your Only Stream Of Income: (2) (3) (4)

(1) (Reply)

Buhari's Body Language Is Dangerous For Nigerian Businesses. by overhypedsteve(m): 10:11am On Dec 20, 2015
The last administration under President Goodluck Jonathan introduced several policies to enhance the growth in the Nigerian Small Medium Enterprise sector and one remarkable example was the YOUWIN Program and other programs, some of these SME oriented programs have since been abandoned by the present administration whose main focus is on the fight against corruption.

It is not too early to say that Buhari's administration may not favor the Nations struggling SME sector considering the Presidents body language towards policies that affects Small Businesses, first a Ban was placed on the importation of small generators which is the main stay of most of the Small Businesses in the country, a nation which is faced with severe electricity distribution problems, most Nigerian Businesses run on generators all through their Business hours and as if running a business in Nigeria was not hard already the Controller of Federation Operation Unit Zone A of the Nigerian Customs came out on Tuesday , November 17,2015 to announce that the federal government had placed a ban on the importation of low cost generators(i better pass my neigbour) due to the adverse effect it has on the environment, that was Buhari's first body language that suggested his policies may not be too fair to small businesses in Nigeria.

7 months after the inauguration of the new Government the President still haven't shown any sign of having a coherent policy directed at boosting Small Medium Enterprises in the country and in effect creating employment. Several commentators like Opara Prince from Naij.com and other commentators from Nairaland.com criticized this policy and described it as " a targeted action against a significant amount of some unfortunate /distinguished groups...most especially SME's.

The Nigerian Electricity Regulatory Commision under this present Administration is presently considering the increase of electricity tariff in 2016, this would mean that Nigerian Citizens and Business owners may have to pay more for electricity in the coming year.

The Present Administration is working towards removing fuel subsidy in 2016, this would have certain implications on Nigerian Businesses and Citizens as they will have to pay more for petrol and kerosine. those who live in Nigeria know how much the Nigerian People spend daily on petroleum to power their homes and businesses even while there is still fuel subsidy, most of us small business owners do not want to know what doing business in Nigeria would look like with a ban being placed on the importation of small generators, fall in Naira value and removal of fuel subsidy.

If the President continue with this kind of policy or "body language" towards SME's it may become harder to do Business in Nigeria under this administration.

Posted by the author from here http://www.mylastkobo.com/2015/12/will-buharis-administration-favor.html?m=1
Re: Buhari's Body Language Is Dangerous For Nigerian Businesses. by africanman85: 5:59pm On Dec 20, 2015
THAT IS NOT ALL. HOW ABOUT THE BAN PLACED ON THE USE OF NIGERIAN CARDS ON ANY E-COMMERCE SITE AND THE USE OF FOREIGN CURRENCY IN NIGERIA. NAWA FOR THE ABOKI.
Re: Buhari's Body Language Is Dangerous For Nigerian Businesses. by overhypedsteve(m): 5:55pm On Dec 23, 2015
Buhari's policies are inimical to the Nigerian small business sector.

(1) (Reply)

Setting Up A Company / Be A Landlord In Ajao Est By Investing In An On Going Building Project.. / Try This And Smile By December First Week!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 16
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.