Regulatory agencies choking investors, CPPE warns”

The Centre for the Promotion of Private Enterprise (CPPE) has bemoaned the overbearing policy of regulatory agencies in Nigeria.

This, the economic think-tank has led to growing incidents of regulatory irritations, distractions, and frustrations inflicted on the Nigerian manufacturing sector and other investors in the Nigerian economy which is becoming worrisome.

In a statement signed on Sunday by the CPPE Director/CEO, Dr. Muda Yusuf, the group lamented that many large companies had declared huge losses in their latest financial results while many have shut down and some have scaled down their operations to this overbearing policy of regulatory agencies in Nigeria.