ADDRESSING THE ENERGY PROBLEM IS A MAJOR SOLUTION TO BUSINESS COLLAPSE – ANIEKWE

In this interview with JOY ANIGBOGU, Amaka Aniekwe, the chief executive officer of Somes Multidynamics Company Limited, discusses a variety of topics, including the challenging business climate that entrepreneurs in Nigeria and the need for Nigerians to elect a business-savvy president in 2023.

In this election year, are there any commercial prospects？

Since nothing has changed for our industry, I am unsure if there is.

Forex has just increased much more. Despite fluctuations, the price per dollar is more than N700.

Since politicians use these for their campaigns, there may be opportunities in printing and advertising sectors, but there are other industries that also require development.

Government intervention is required throughout the entire commercial sector.

As we think about who will be our next president in 2023, Nigerians should elect someone who can change the way the government often handles the private sector. I will want to emphasize that we need a business-minded president.

To drive the economy, a president who can support the private sector is all that the country need.

What can you say about how much it costs to do business in Nigeria？ What do you think about the rising cost of energy？

Inflation will occur. The cost of everything in Nigeria is skyrocketing; I'm not sure if the decision-makers are unaware of some of these issues or if there is a deliberate attempt to make the population poorer so that they can maintain political control over them because if you make the population poorer politically, they will be weak.

The reality is that Nigeria does not support business owners. Businesses are closing their doors daily, and crime is on the rise. People are unemployed, and when people are unemployed, they turn to the criminal industry to make a living.

I'll claim that tackling the energy problem is the primary answer to the problem of corporate collapse.

To prevent business owners from moving their operations, the nation's energy problems must be solved

There is the problem of power and the difficulty of the high cost of FX. With all of these difficulties, how do you manage？

We have talked about these. However, I will say that I do not expect the forex situation improving due to Nigeria's poor export regulations, who may not consider them to be of equal importance.

I keep stating that we have stuff that we can export to make money, but there isn't a plan in place to back it up.

The FX policy is not very noteworthy. To make any significant progress in that area, a complete revamp is required.

In the world, how does a business owner plan？ Can you provide local manufacturers any guidance during this difficult time？

I will add that given how bad the epileptic power system is right now, everyone in Nigeria who is still generating deserves praise.

Given that diesel prices are rising daily, how does one produce？ Business owners are facing extremely challenging conditions.

Unfortunately, the government is unaware of its obligation to create a business-friendly climate.

In addition to giving the government your power and paying taxes, you will also be driving your cars on dangerous roads, which will harm them.