Study Your Business Environment To Survive Present Economic Situation – Expert Tells Nigerians
Written by News Desk on November 7, 2024
Business owners have been advised to meticulously study their economic environments to survive the present economic situation in the country.
An economic expert and management analyst Mr Jamiu Afolayan gave the advice while speaking in an exclusive interview with A4oradio.com
Mr Jamiu Afolayan,the dean of faculty, Adecom College of Business Management, Egbeda, Ibadan said many Nigerians are presently experiencing excruciating pains as a result of some harsh government policies.
He noted that the problem started immediately when the administration of president Bola Ahmed Tinubu removed subsidy from crude oil.
Speaking on how business owners and Nigerians can survive this present economic reality, Mr Afolayan noted that there was need for owners of businesses to study their market environment in order to operate optimally without incurring loss.
He added that the Nigerian government under the administration of President Tinubu must adopt policies that will be friendly to the Nigerian economic reality, thus enhancing state productivity.
Reader's opinions
Leave a Reply
You may also like
Continue reading
Mr. Olagunju Olawale On November 7, 2024 at 4:46 pm
Absolutely sir, to buttress your point. Business environment is made up of factors that affect a company’s operations, such as technologies and financial resources. These factors can include:
market conditions, government policies, access to finance, technological advancements, interest rates, and exchange rates.
Business owners need to look into these in other to survive the economic situation at the moment ✍️