Businesses lose N10b daily to #EndSARS protests, say experts | The Nation

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Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, said the protest is crippling businesses and economy, especially the Small and Medium Enterprises (SMEs). EndSARS

The #EndSARS protest is taking its toll on the economy and businesses, economists lamented at the weekend.Youths across the country have been on the streets for 12 days in Lagos, Abuja, Kaduna, Owerri, Awka, Aba, Abeokuta, Osogbo, Port Harcourt, Benin and other big cities. They are demanding an end to police brutality.

According to him, blockage of critical roads to major cities has negative impacts on the economy whose extent of damage has run into billions of naira so far.Obire said: “The other side is that if the protests lead to a more positive response by the government and good governance, it will be a major enabler of economic activity.

According to him, the SMEs live by daily income and the continued disruption of their businesses lead to huge loss of income and business growth.

 

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