Nigeria: Businessmen laments poor state of national economy and rising poverty level

Features & Reports

Onitsha-based businessmen, under the aegis of Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) has lamented the poor state of national economy and rising poverty level in the country.

The group said that the current recession in the country, coupled with other macro economic challenges, had continued to pose a strong threat to the Organised Private Sector.

The out-going President of ONICCIMA, Uchenna Apakama, stated this at the sidelines of the group’s 29th Annual General Meeting (AGM) in Onitsha

According to him, a situation “where poverty level has been aggravating, with 67.1 per cent of the population living below a US dollar per day, with power generation still a nightmare and electricity tariffs soaring higher and distribution companies, DISCOs, blatantly refusing customers’ access to pre-paid meters, is highly worrisome.

–Daily Post