The President of the Affiliation of Small Enterprise House owners of Nigeria, Dr Femi Egbesola, has mentioned if gas subsidy was lastly eliminated, it could result in a giant disaster for small companies.
He mentioned this in an interview with Sunday PUNCH.
Egbesola mentioned in the intervening time, solely about 10 per cent of small companies had been surviving, including that many had closed retailers as a result of they didn’t have the wherewithal to supply once more. He additionally mentioned the capital of many small companies had been eroded by inflation and excessive trade fee.
He mentioned, “Quite a lot of small companies can be affected. In reality, I’m additionally considering of closing one in every of my factories. When we now have gas subsidy eliminated, I can’t think about what would occur.
“I don’t assume gas subsidy removing is what the federal government ought to be speaking about now.’’
In an identical vein, the Nationwide Affiliation of Nigerian College students on Friday took a swipe on the governors over their help for whole gas subsidy removing.
NANS claimed that the governors agreed to gas subsidy removing solely as a result of they noticed it as an avenue for a rise within the allocation accruable to them from the Federation Account.
NANS President, Sunday Asefon, who described any proposed hike in gas worth as irresponsible and depraved, mentioned Nigerian college students would resist the “unpopular determination” of gas subsidy removing as a result of it could additional impoverish Nigerians.