Hit by pandemic, Nigerian small businesses struggle with little or no help

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More than six weeks after President Muhammadu Buhari ordered the lockdown of Lagos, Abuja and Ogun State, to curb the spread of coronavirus, some Nigerian small business owners have lamented the economic cost on them.

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With over 37 million micro, small and medium-scale enterprises in Nigeria, accounting for more than 84 per cent of jobs, the sector is seen as a major economic growth driver. Mr Ochai’s story is no different from other business owners: barbers, mechanics, salon owners, and others who before the lockdown depended on their daily income.Adedapo Aderibigbe, the owner of Gasify, a gas refill station in Oye-Ekiti, lamented how business patronage had plunged for him.

“People don’t go for parties again, so who will come and make their hair? It is only food items people buy now,” she said. The bank claimed the application was free but controversy erupted when applicants took to Twitter to reveal they were being made to pay from N3,000 to N10,000 as application fee.

 

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