Subsidy removal may cripple SMEs, worsen unemployment — NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said the federal government’s planned removal of the subsidy on Premium Motor Spirit (PMS) also known as petrol could shut down businesses especially the Small and Medium Scale (SME) ones.

John Udeagbala, president of NACCIMA revealed this at the association’s 2023 second quarterly press briefing on Thursday.