If the prevailing conditions of the coronavirus pandemic persist, Nigeria may be faced with another economic recession. Therefore, the Nigerian government must act fast to save small businesses which are the greatest employers of labour.
Sir Sola Abodunrin, the new president of Ibadan Chamber of Commerce Industry Mines and Agriculture, made this assertion over the weekend in Ibadan.
According to him, “This lockdown is affecting business adversely. Most companies are closed or working on skeletal basis. That means production is stopped or reduced terribly. There is either little or no output at all, but salaries are being paid. That is a terrible loss to businesses.
“We are praying that…
Source: Nigerian Tribune