No fewer than 98 companies relocate from Nigeria to the nearby African countries as the closures of borders affect them negatively.
According to the information, since three week Nigeria closed it border with other African country, some of this companies have lost over millionaire, some of the which could not within the downfall hard no other option, than to relocate out from Nigeria.
Comrade Saviour Iche, the national president of the Association of Micro-Entrepreneurs of Nigeria (AMEN), disclosed this while speaking at a press conference in Lagos at the weekend.
He said that the companies moved to other countries because of the negative impact the border closure was having on their businesses, adding that many others will follow suit if the situation persist.
He said that operating environment in other countries in west Africa are better, adding that governments of other countries offer incentives and support to entrepreneurs.
He said the closure of the borders has had some positive effect like increased revenue for the government, but argued that the negative impact was greater on the general economy.
According to him, there are many Nigerian businesses that export their goods and services across Nigerian borders, adding that most of these companies are losing millions of naira on a daily basis.
Iche disclosed that many of them have reduced their operations and their number of workers, adding that if the situation continues, many of them will close shop soon.
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