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Members of the Organised Private Sector, including the Small and Medium Enterprises Development Agency of Nigeria, and the National Association of Chambers of Commerce, Industry, Mines, and Agriculture have expressed worry over the N2.5tn annual losses by the business community to administrative bottlenecks.

Speaking with The PUNCH on Sunday, the Director-General of SMEDAN, Mr Charles Odii, said the group plans to engage with the relevant agencies to streamline the processes required to address this anomaly.

Last week, the Federal Government through the Minister of Marine and Blue Economy, Adegboyega Oyetola, said the Nigerian business community was losing N2.5tn annually to delays and administrative bureaucratic bottlenecks.

He disclosed this in Lagos while speaking at the stakeholders’ forum on establishing the National Single Window.

https://punchng.com/ops-kicks-as-businesses-lose-n2-5tn-to-administrative-bottlenecks/