I never imagined Nigeria would reach the point where a manufacturer has a $425,000 invoice for materials and the CBN only allocates $210 to him. - Nigeria's Chief Operating Officer laments » First Naija Gist
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Bola Adefila, the Chief Operating Officer of a manufacturing business in the nation, has lamented the hardships the country has faced recently.
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Adefila claimed in her tweets that she never imagined Nigeria would reach a point when a company has a $425,000 invoice for imported supplies and the CBN only allocates him $210.
She went on to say that, despite their best efforts, things are worse.
The COO sent out a tweet:
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Never in a million years would I have thought Nigeria will get to this stage. How do you explain it, that a manufacturer has an invoice of $425000 to import materials and all that is allocated to him from CBN is $210. I can’t even wrap my brain around it.
How do we rise above this? We’re trying to be hopeful but it’s getting worse. If it’s not Fx today, then it’s power/infrastructure. A healthy economy is gotten from the total aggregate of healthy businesses/entrepreneurs. We are really beginning to look like jokers
The situation is liken to “beating a child and expecting the child not to cry”, How now?
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