The World Bank data on ease of doing business released this year ranked Nigeria 169 out of 190 countries. Ten sub-indices were used for this ranking such as starting a business, dealing with
construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. One sub-indices that many Nigerians can relate with is electricity. Although all Nigerians are feeling the effects, businesses are feeling it more. Jumia Travel identifies 5 ways power shortage is affecting Nigerian businesses.
construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. One sub-indices that many Nigerians can relate with is electricity. Although all Nigerians are feeling the effects, businesses are feeling it more. Jumia Travel identifies 5 ways power shortage is affecting Nigerian businesses.
- Huge amounts are budgeted for diesel and generator
- Startups are likely to fail
- Businesses cannot employ
- No room for growth or expansion
- Businesses are moving out
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