OPS fears SMEs’ collapse as cash scarcity lingers

OPS fears SMEs’ collapse as cash scarcity lingers

The Organised Private Sector has joined the call on the Central Bank of Nigeria to address the cash scarcity witnessed nationwide, stressing that the country is not developed enough for cashless transactions. Members of the OPS pointed out that the scarcity of cash has adversely affected businesses, especially those in the Micro, Small, and Medium Enterprises category, as they expressed fears of an imminent collapse of MSMEs. “While the intent […]

December 16, 2024 8

NEWS

Food crisis: OPS warns of shutdown as hoodlums loot more trucks

The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country. Members of the OPS, gave the warning on Monday in separate interviews with The PUNCH just as miscreants attacked trucks conveying building materials and spaghetti in Ogun and Kaduna states. Also on Monday, the Federal […]

March 5, 2024 9

BUSINESS

Harsh economic policies worsening unemployment, OPS tells govt

Members of the organised private sector have stated that harsh economic policies from the government have exacerbated country’s unemployment rate. In separate chat with The PUNCH, they warned that if the poor economic policies are not quickly addressed, more businesses would fold up and it would worsen the country’s unemployment. The President of the Nigeria Employers’ Consultative Association, Adewale-Smatt Oyerinde, warned that the repercussions of inadequate economic policies and a hostile […]

February 28, 2024 35

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