Nigerian Government Urged To Review Anti-Business Policies

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on the government to review policies that suffocated business establishments last year. <br />The president of the association, John Udeagbala, noted that 2022 was a year with significant economic complications, marked by a post-covid-19 recovery and the lingering Russia-Ukraine war that has added to the spiraling global inflation. <br />He says the country in 2022 witnessed a high cost of energy; a general rise in the cost of doing business; an astronomical rise in prices of goods and services; a rise in government debts with tepid growth in GDP and high-interest rates, which had an adverse impact on the private sector. <br />He added that the resultant harsh economic environment has negatively impacted many businesses and made a lot of them be struggling to survive. <br />