Everything that has a beginning definitely has an end!
8 years ago, President Muhammadu Buhari started piloting the affairs of the country Nigeria.
During his tenure, a lot happened
Today being 29th of May 2023, history will be made again as a new President takes over for the next four (4) years or more.
In this new administration, you should expect some changes which could either be positive or negative and these will be based on some certain factor.
Below are some factors and policies to look forward to in determining the change in this new governance
Taxation Policies: The new government may change taxation policies, which can affect businesses in terms of their profits and cash flow.
Regulations: The new government may introduce new regulations that businesses need to comply with, such as environmental regulations or labor laws.
Trade Policies: Changes in trade policies, such as tariffs or quotas, can affect businesses that rely on imports or exports.
Access to Government Funding: Businesses may have less access to government funding or subsidies now that there is a change in governance.
Infrastructure Development: The new government may prioritize certain infrastructure projects, which can increase opportunities for some businesses and industries but may also cause disruption.
Shifts in Consumer Behaviour: Changes in governance can also lead to shifts in consumer behavior, impacting businesses that rely on certain consumer segments or industries that could be affected by changes in consumer protection rules.
As we embrace this new government that brings a change in governance, let us also expect a significant impact on our various businesses, and it is important for us to stay informed and adapt accordingly.
Wishing President Bola Ahmed Tinubu a prosperous tenure in office and I pray that the wisdom he needs to adequately pilot the affairs of the nation be released upon him.
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