Most Nigerian businesses are in survival mode

Vanguardngr | 17-05-2026 05:57pm |

Nigeria's private sector is currently facing significant challenges, characterized by rising energy costs and weak consumer demand. Businesses are also grappling with foreign exchange pressures and limited access to affordable credit, which have compounded their difficulties. As a result, many enterprises are operating in survival mode, striving to navigate this tough economic landscape. This situation marks one of the most challenging periods for Nigerian businesses in recent years.

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