All through 2023, the Nigerian enterprise atmosphere confronted unprecedented challenges, primarily influenced by the complexities of an election yr.
Uncertainties surrounding election outcomes and coverage instructions led buyers to undertake a cautious stance, impacting key long-term funding choices.
The yr began with a synthetic financial scarcity and a failed banknote redesign, which initially hampered client spending.
The financial restoration within the second quarter was marred by the removing of gasoline subsidies and the unification of the international trade market, leading to hovering inflation and a big depreciation of the naira.
These macroeconomic hurdles, compounded by long-standing nationwide issues, led to a notable departure of firms from Nigeria in 2023.
Right here is an outline of vital exits: READ MORE
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