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Small businesses face survival crisis as fuel hike, unstabl…
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Small businesses face survival crisis as fuel hike, unstable power bite
Small businesses in Nigeria are struggling to survive due to rising fuel costs and unreliable power supply. Experts emphasize the need for structural reforms rather than temporary financial aid from the government.
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The Briefing Africa
May 7, 2026 · 19:10 · 5 min read
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Small businesses in Nigeria are struggling to survive due to rising fuel costs and unreliable power supply. Experts emphasize the need for structural reforms rather than temporary financial aid from the government.
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The current economic climate poses significant challenges for small and medium-sized enterprises (SMEs) in Nigeria. Experts argue that without comprehensive reforms, the financial support initiatives may not be sufficient to address the underlying issues.