How Much Would Businesses Have Lost? Since BAT Said He Saved N1trn In 2 Months — Jideofor Adibe

During an interview with Channels Television, Jideofor Adibe, Professor of Political Science, revealed how President Tinubu said he was able to save N1 trillion in two months from the removal of furl subsidy, pointing out that we also need to understand how much would have been lost by businesses within the space of those two months.

He added that every policy has a cost, regardless of the amount that is being saved from it.

He further stated that what type of business would someone engage in so that he would be able to raise N1 billion in one year?

According to him, “He said he was able to save one trillion in two months.

What we also did not know was how much business was lost as a result of the removal of the subsidy the way it was done, because obviously, every policy has a cost, and it’s not just what you saved.

Most of these things he mentioned include cultivating 150,000 acres of land and making sure that you’re nurturing 75 manufacturing enterprises, each of which will get N1 billion at a 9 percent interest rate, repayable between 12 months and 16 months.

If you ask yourself within that repayment period, assuming you want to nurture a business, what kind of business will you start, and within one year, you’re able to repay N1 billion? So those are some of the details that need to be addressed.“

https://www.aprokopolis.com/2023/07/31/how-much-would-businesses-have-lost-since-bat-said-he-saved-n1trn-in-2-months-jideofor-adibe/