My people, e be like say 2026 no gree start well for our Naija businesses o! As una sabi, according to the latest Stanbic IBTC Bank Nigeria PMI, business conditions just dey flat like say dem no want move forward again.
For January, dis PMI drop from 53.5 wey e be for December to 49.7. My guys, you fit see say e don pass the normal 50.0 wey mean say economy dey expand. Na so we chuk mouth see say things no too dey sweet as dem dey used to for previous months.
The reason for dis wahala na say new orders don dey stagnant, areas wey usually dey fine, like wholesale and retail, don experience small wahala. Although agriculture, manufacturing and services still dey shine small, but wetin happen for retail na serious palava!
The report show say purchasing activity and stock levels don dey increase but slow slow, like person wey dey drag his feet for road. Even as prices dey rise, many companies dey try balance their books by increasing worker salary make dem fit buy food.
Omo, inflation don dey quicken, reaching four-month high, but na this pandemic line wey make am dey soft like moin moin. According to one expert wey sabi well well, Muyiwa Oni, early year dey always dey hard for businesses, especially after December party. Last last, e no fit dem well.
But no be all doom and gloom o! Some companies dey still get hope, believing say things go improve for di year as dem plan to expand operations and carry more goods. Dem dey expect stronger new orders go come in soon.
Nigerians nko? We dey waka together! If government fit balance dis economy well, we go see better GDP growth of 4.1% later this year. E no too bad! And dat Dangote refinery wey dey come, we dey expect say e go do magic for several sectors.
For now, make we keep our eyes dey shine, as e dey look like say 2026 fit still hold better surprises if all these plans fit work out. Omo, na only time go tell!
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