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Business Ideas Forum
Funding a business
Do you recommend taking loans to start a business?
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[QUOTE="funmi, post: 217488, member: 38880"] In Nigeria today accessing of loans has become the order of the day as there is hardly any business that can survive without accessing loans. Infact it is very difficult to even raise money to cater for the basic needs of an average Nigerian, let alone have enough money to start a business .if we Ade factual with ourselves and take a quick survey in the market you wjll discover that atleast close to 70% of the traders in the market depend heavily on loans to run their businesses. This is so because the economic situation is highly unbearable the government has brought untold hardship on the people. We see on the the news where even doctors and nurses are running away from Nigeria due Tk the bad government and poor economic policies of the government. People are indeed suffering in this country, there is no stable power supply that could have supported businesses of people. The roads are in a very deplorable state and people are losing their lives on the road and even goods are been destroyed on the roads due to the bad condition of the road and more so everything is terribly expensive beyond measures . [/QUOTE]
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Funding a business
Do you recommend taking loans to start a business?
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