November 30, 2016

Here's What Is Killing Many Small Businesses In Nigeria

Exorbitant taxes and rates by government agencies...is a big issue. Someone put money together and sets up a business, employing people without any support whatsoever from the government.

And what next? In less than one month government agencies have hit the business with taxes of over N800,000. The latest one they just got is N200,000 and they are expected to pay in 3 days.

This is a restaurant, not even a factory. How reasonable are these taxes?