Uber, Multinationals’ Exit Shows Nigeria’s Business Environment Needs Emergency Fixes - ASBON
The Association of Small Business Owners of Nigeria (ASBON) warns that the exit of multinational firms like Uber signals a failing business environment. They are calling for urgent government reforms to improve ease of doing business and access to finance.
Why it matters
The exodus of major companies highlights systemic economic challenges in Nigeria that threaten local enterprise and job creation.
The exit of Uber and a string of multinational companies from Nigeria is a clear warning signal that the country’s business environment requires urgent reforms, the Association of Small Business Owners of Nigeria (ASBON) has said
The national president of the ASBON, Dr Femi Egbesola, who spoke against the backdrop of Nigeria’s 66th Independence anniversary, said the growing number of businesses leaving the country reflected the difficulties confronting companies operating in the Nigerian economy.
He argued that rather than viewing the exit of companies such as Uber in isolation, the Federal Government should see it as evidence of the need to urgently improve the ease of doing business and create conditions that enable both local and foreign businesses to survive and expand.
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