Dr. Toks 🦇@fimiletoks
Nigerians are hungry or some Nigerians are hungry? Is there a country in the world without hungry people? Why have we made it a national anthem that must be sung on every national discussion / program on TV since 1960?
38m Americans are on food stamps. There are food banks littered all over Europe, yet when politicians share food here, you guys complain. There will always be people whose income can't get them adequate food every where in the world and systems are built to support them.
Small businesses are suffering, yes. I run a small business and I know. Globally 20% of small businesses fail in their first year and 50% of startups will fail in 5 years. If we say that small businesses face high cost of capital and high opex, we can have a conversation around SMEDAN or LSETF, we can talk about the impact of the new tax law on small businesses or even creditcorp. We can have a proper intellectual conversation not the usual rhetorics.
These same small businesses account for 50% of our GDP, bigger than the GDP of most west Africa countries. It's the SMEs that brought the Mastercard CEO to Nigeria. Moniepoint process N410trn worth of transactions in 2025 majorly from small businesses. The Chinese are also positioning to grab value from the SME with their digital businesses.
Do we have challenges? Yes but can't someone go on TV or Radio and have proper conversations apart from Nigerians are hungry, or na road we go chop?
