National Emergency Management Agency (NEMA), on Tuesday, commenced distribution of relief materials to 7,374 households in Abia communities who were affected by the 2022 flood disaster. Director-General of NEMA, Alhaji Mustapha Ahmed, said during the distribution in Umuahia, that the items would be shared with the affected persons in 15 local government areas of the
Apart from the COVID-19 pandemic and the lockdown, the EndSARS protest was another bane for the MSME sector that was attempting to recover later in the year.
The Lagos Chamber of Commerce and Industry (LCCI) this week said the restrictions being placed by some states due to the rising second wave of the pandemic and the lockdown enforced months ago by the government cost the MSMEs in Lagos N2.7 billion revenue.
The LCCI Director-General, Dr Muda Yusuf highlighted the major challenges faced by the business community in the outgoing year as, liquidity crisis in the foreign exchange market, sharp exchange rate depreciation, high energy and production cost.