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A global network of business owners, the Entrepreneurs’ Organisation, has predicted a positive economic outlook for Nigerian businesses.



The EO, in the first part of its twice-a-year Global Entrepreneur Indicator survey results, said the prediction came amid great apprehension in government circle as well as the Organised Private Sector about the challenges facing the Nigerian economy.

It said 57.1 per cent of the respondents reported the willingness to start a business in the current economic environment, with the expectation of improvement in the business environment in the next six months.

EO said, “An interesting aspect of the survey is the prediction of a great improvement in the country’s economy with 85.7 per cent of the respondents affirming this against the global average of 28 per cent.

The organisation said 57.1 per cent of the respondents expected business revenue, net profit and access to capital in the country to rise in the next six months, while 28.6 per cent of the respondents expected an increase in the use of debt instruments in the next six months against what obtained in the last six months.

Commenting on the report, the President, EO Lagos Chapter, Mr. Vincent Molokwu, was quoted to have said that the Nigerian economy would surely bounce back, especially with the concerted efforts of the government and the OPS.

The EO is a global network of more .........

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the strong political will of the government is enough assurance that Nigerians will be well served by 2019.

mars123:
the strong political will of the government is enough assurance that Nigerians will be well served by 2019.

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