“The continuous acceleration in inflation rate will place immense pressure on businesses in the coming year,” noted Chinyere Almona, Director-General of the LCCI
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A recent report by Flourish Ventures, titled “Passion and Perseverance: Voices from the African Founder Journey”, has unveiled the mounting challenges faced by Nigerian founders. Chief among these is the country’s soaring inflation rate, with 66% of Nigerian founders identifying it as their top stressor. The study, which surveyed 169 founders across 13 African countries,…
The sharp increase in inflation is particularly troubling as it comes amidst growing discussions of nationwide protests over the rising cost of living. In response to the escalating food prices, the Nigerian government has taken steps to alleviate some of the pressure on consumers.
how small businesses can still make lots of sales during the festive season despite the expensive cost of things.
