The Nigerian system does not support growth for new businesses.

The only thing smart businessmen do is to wait for seasonal businesses which do not last more than 2 to 3 months. You now see one person doing 4 businesses in one year.

How can a man who trades for 12months make profit only for 2 months and count losses for 10 months.

The distribution chain of most commodities is riddled with loss making SMEs. How can a company like MTN fix the price of N100 recharge card at N96 for its big distributors who resell at N98 to the street trader and the street hawker now sells at N110, charging the consumer extra N10 for a product meant to sell for N100.

The Nigerian senate should enact laws that will protect SMEs from greedy multinationals.

Second example, how can a company like Dangote who charges N2,500 for a bag of cement leave only N60 to be shared by the distributor and the retailer ?

So a retailer goes home with N30 on a product he sold for N2,500. What other example do we need to know that " Monkey dey work, baboon dey chop is real "

That cartels run Nigeria is an understatement. They even run your street and determine how many hours of electricity supply your street enjoys.

is there any lucrative sector in nigeria that is not ran by cartels...
no be cartel fun senate too

The bottom line is that a certain cartel must be in total control of commercial banks in Nigeria.
WAIT A MINUTE; IMAGINE HOW YOUR COMPANY WILL GROW WHEN 20,000 CEOs PATRONIZE YOU
Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more:
http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html

I support the senate on this present treat hampering SME the largest employer of labour in nigeria market meanwhile in a sane culture when a nation is in recession n banks r giving loan in high interest rate? It shows how ineffectual n incapable the CBN governor failed or Nigeria has an anti people as CBN gov. I pray God help the 8th senate to put an end to these twin evil regarding our economic growth

Ok, cabals running the presidency while cartels are running the banks.

kaboninc:

Our problem is not corruption.
There is corruption even in The Vatican City

Is there no corruption in Saudi? If you want to quote a place, quote generally. You guys should just comment on Nigeria and leave other countries out of it.

greatest31:


Is there no corruption in Saudi? If you want to quote a place, quote generally.
You guys should just comment on Nigeria and leave other countries out of it.

Please at least understand before commenting