….Small businesses tend to suffer the most and the survival rate is very low for new businesses. Statistics say that 80% of businesses fail within the first 18 months. This is not because of a lack of genuine effort from the entrepreneurs; rather it is largely due to the harsh conditions of the market and business climate they find themselves.
There are some rather common challenges that businesses in Nigeria are bound to face. Taking note of these 6 challenges and preparing for them will be of great help to you and your business. https://smestories.com.ng/6-challenges-businesses-nigeria/

1. Bribery and corruption
2. Access to funding
3. Building trust