Adetayo Olowookere, the CEO of Sirtified Perfumes and founder of the Dhamma perfume brand, has expressed concerns regarding the impact of the closure of the Strait of Hormuz on Nigeria's fragrance industry. He noted that the closure has led to a significant rise in global crude oil prices, which in turn has escalated the costs associated with importing goods into Nigeria. This situation poses challenges for local businesses, including his own, as they struggle to manage increased operational expenses while maintaining product affordability for consumers.
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