The Chief Executive Officer, SBI Limited, Daniel Newman, has expressed concerns over Nigeria’s high cost of doing business.

In a statement made available to PUNCH Online on Sunday after its four-day conference and unveiling of its stem cell simulator, Allemax, Newman lamented that the harsh operating terrain is affecting production costs and product distribution across the country.

He said, “According to reports, the harsh business environment in Nigeria is having significant negative impacts on the manufacturing sector, decreasing productivity and competitiveness and leading to an estimated ₦1.5 trillion in losses for the sector

“We know that the government cannot do it all, but once there is an opportunity like this that pays and creates wealth and employment opportunities for youths, the federal government must create an enabling environment for these businesses, giving single digits loans for businesses to compete with foreign brands.”


He said this year’s conference team tagged, “The New Oil Well: Towards Total Wellness and Financial Freedom” aligns with the calls for diversification of Nigeria’s economy other than just crude oil which is the mainstay of the country’s economy.

He also said, “We place significant emphasis on corporate social responsibility which underscores our commitment to giving back to society through the provision of complimentary health services to our host community in Ikeja.


“Our organisation, Straight Business Integrated (SBI), is a divine mandate, originating from the Zed Fate Foundation International. This initiative, conceived as my brainchild, serves as a platform for positively impacting the lives of individuals.”


He noted that his aspiration extends beyond improving the living conditions of Nigerians to encompass the broader African populace.

“This aspiration led me to delve into extensive research on therapeutic products with the potential to enhance the health and well-being of our communities.

“In collaboration with partners from Israel, India, England, and a fellow Nigerian, our research endeavors commenced in 2018. Substantial capital investment was channeled towards aligning our projects with international standards. Since 2018, a significant portion of the proceeds generated by our ventures have been reinvested in business development and expansion,” he averred.

He pointed out that the research initiatives alone consumed a substantial portion of its profits in the production of diverse product lines.

“From a business perspective, SBI offers a robust multilevel platform that empowers ordinary individuals to engage in our multilevel marketing framework, thereby engendering sustainable wealth creation opportunities. This framework ensures income generation and financial autonomy for
Nigerians across all strata, ultimately mitigating poverty,” he said.

https://punchng.com/firm-decries-cost-of-doing-business-in-nigeria/

Tinubu boys will tell you that the incompetent Buffon is wooing investors to the country.

COMRADES, na today? The price of doing business in Nigeria is on the highest side since when APC and Tinubu took hijacked the government

Toh

And that's with the exemption of proper taxation

It's getting harder and harder. It's difficult to be a Nigerian

Things are cost actually

helinues:
Toh

And that's with the exemption of pepper taxation

Shebi you see why we like yabbing you APC supporters?

Wetin concern pepper with this news now ?

FourQu:


Shebi you see why we like yabbing you APC supporters?

Wetin concern pepper with this news now ?

Stop trolling me you this boy

Don't you have any meaningful things going in your life ?

PlayMaker14:
Tinubu boys will tell you that the incompetent Buffon is wooing investors to the country.

Delusional and irredeemable supporters.

helinues:


Stop trolling me you this boy

Don't you have any meaningful things going in your life ?

See this one troll who? YOU?

you better wake up and hurry up okay 🤡

helinues:
Toh

And that's with the exemption of proper taxation

You and your co travellers keep supporting failures and disasters back to back.

From Buhari to Tinubu. Keep hailing them while they wreck the Nation..


Buhari finished wrecking the Nation, Tinubu continued from where he stopped.

Macphenson:


You and your co travellers keep supporting failures and disasters back to back.

From Buhari to Tinubu. Keep hailing them while they wreck the Nation..


Buhari finished wrecking the Nation, Tinubu continued from where he stopped.

Buckets or Storage tanks?
Napkins or towels?

We must stop the overflowing of the water from the crying

helinues:


Buckets or Storage tanks?
Napkins or towels?

We must stop the overflowing of the water from the crying

Lol

Tell that to your kinsmen shouting Ebin Pawa and turning to Bambiyala all over the Nation. We are enjoying the drama.

No sane investor will ever consider Nigeria as the destination of choice in this disastrous regime of Tinubu. The man is just one to many an economic disaster

helinues:


Stop trolling me you this boy

Don't you have any meaningful things going in your life ?

anytime someone correct you for your senseless comments it becomes trolling.the spell that old man used on your brain needs 2by2 pranking for 4yrs to wear off

ogolemati:
anytime someone correct you for your senseless comments it becomes trolling.the spell that old man used on your brain needs 2by2 pranking for 4yrs to wear off

Now point out to the corrections on this thread.

Please I am waiting

Wondering why some of you are just so bitter and childish about politics discussion

helinues:


Now point out to the corrections on this thread.

Please I am waiting

Wondering why some of you are just so bitter and childish about politics discussion

this is what your message is always all the time including senselessness.thats why they keep on correcting you .do you remember mannabbqgriIl the suya guy that asslick buhari for 8 good years most times I assume you are the same person as him using different moniker because you took after him in asslicking tinubu.dont mind me ooh .but seriously there is a reason why you reason like him always anti people

ogolemati:
this is what your message is always all the time including senselessness.thats why they keep on correcting you .do you remember mannabbqgriIl the suya guy that asslick buhari for 8 good years most times I assume you are the same person as him using different moniker because you took after him in asslicking tinubu.dont mind me ooh .but seriously there is a reason why you reason like him always anti people

Point out to the errors in the comments without sounding dumb

Thank you

helinues:


Point out to the errors in the comments without sounding dumb

Thank you

you see what am saying ,you are always bitter.thats why you are an agent and the asslicker of tinubu

discussion