Association of Small Business Owners of Nigeria (ASBON) don talk say the exit of Uber and other multinational companies from Nigeria na clear sign say the country business environment need emergency fixes. The association say the development no be just one company issue, e show say something dey wrong with how Nigeria dey treat investors.
ASBON explain say when big brands like Uber dey pack comot, e no dey happen in one day. According to the group, na accumulated frustration from unstable policies, high cost of doing business, foreign exchange wahala, multiple taxation, and poor infrastructure dey push them out. The association note say these problems don dey chase investors for years, but government never take strong action.
The small business group warn say the exit of multinationals no dey affect only the companies. E dey affect local suppliers, vendors, employees, and small businesses wey dey depend on them for contracts and daily income. ASBON say when one multinational comot, e dey create chain reaction wey dey hit the informal sector and reduce economic activity.
ASBON call on Federal Government to move fast and fix the business environment. The association suggest say government need to harmonise taxes, provide stable forex, improve infrastructure like power and roads, tackle insecurity, and make access to credit easier for small businesses. E talk say without these fixes, more companies go continue to leave, and Nigeria go lose jobs and revenue.
The group also urge government to engage the private sector before making policies wey dey affect business. ASBON say dialogue and consistency go help restore confidence. E add say Nigeria still get market and human resources, but investors need to see say the environment dey safe and predictable.
ASBON maintain say the exit of Uber and other multinationals na wake-up call. The association say emergency fixes no be luxury, na necessity if Nigeria want keep and attract businesses. E say the time to act na now, because small businesses and millions of Nigerians dey depend on the economy wey dey work.
