It is no more news the famous slogan “Subsidy is gone” which ushers in other measures handed down by this regime. This is to salvage the drowning economy inherited from previous government and to improve it a world class economy.
Post hand over months in 2023 and the year 2024 was so tough for businesses and individuals. Nigeria spirit of withstanding tough situations have separated the boys from the men in so many ways.
Fast forward to 2025, many businesses now enjoy measures taken in those turbulence years which helped them swing back into profitability. These are:
– Gathering of data for more predictable decisions and actions.
– The improved FX liquidity.
– Product repackaging and route to market.
– Stronger pricing power.
– Cost-cutting strategies.
– Reduced FX losses.
– Slower growth in finance costs.
Though the macroeconomics environment is improving but still grapple with significant structural hurdles.There are increasing concerns among service-based industries including small and medium manufacturing companies.
These include:
– Raw material shortages.
– Unstable electricity supply.
– High import tariffs.
– Reduced inflation rate on paper but escalating prices.
– Rising diesel costs.
– Multiple taxation.
– Poor access to credit.
– Insecurity.
– Unfavorable regulatory policies.
– High energy prices.
– Rising Transportation Expenses dilapidated infrastructure.

