Insecurity, High Interest Rate, Multiple Taxes Pose Constraints On Businesses Cbns Survey

By Elizabeth Adegbesan

The Central Bank ofNigeria, CBN, hasrevealed that insecurity, high interest rate and high multiple taxes were the major constraints on businesses last month.

Stating this in its Business Expectation Survey, BES, report for August 2024, released yesterday, the apex bank, however, said the firms involved in the survey also expressed optimism over the outlook on volume of business activities in the next six months.

Their optimism, according to the CBN , implied improved prospects for employment in the same period.