The Balogun market in Lagos State experienced yet another huge blow of fire outbreak days ago amidst other fire incidents ransacking Nigeria.
This highlights how insecure a business could be sometimes in Nigeria.
In fact, there are claims that people riding on the Nigerian JAPA (travelling out of the country) wave are not only doing so in search of greener pastures but also for security purposes.
However, with recent happenings around Nigeria, it is becoming more glaring that the claims have an iota of truth.
There have been cases of horrific incidents like fire outbreaks in major city markets, kidnappings, insecurities, explosions, and so on.
These occurrences have caused the loss of many lives and properties.
Balogun Market Fire Outbreak
The recent fire outbreak in the popular Balogun market in Lagos is more than heartbreaking.
Although there wasn’t any declaration of lives lost, properties worth millions of naira got razed down by the fire.
With this fire happening every now and then, one wonders what the plight of the average businessman in Nigeria?
How soon will the owners of the properties and businesses that were affected bounce back on their feet?
Even if they do, will it be business as usual?
People are now scared of even building new businesses as the old ones are leaving the country due to the harsh economic conditions we’re presently faced with.
Companies are struggling to keep up with operations, while some business owners are looking for other options.
All these will have an even deeper effect on the Nigerian economy if not checked.
Also Read: Goods Worth Millions Destroyed As Fire Guts Balogun Market
We hope the government will put measures in place to curb the issues posing a threat to entrepreneurship in Nigeria.
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