2021 could be exceedingly challenging in Nigeria as companies after companies declare losses. Briscoe Motors suffered a loss of N1.27 billion in 2019. Guinness suffered a pre-tax loss of N17 billion. Except banking and telecoms, every other sector is largely under water. If taxes go really down, even funding basic public sector projects will stall. I encourage founders to optimize how they deploy capital in the economy. You cannot over-stimulate growth and run faster than Nigeria because there is a systemic whirlwind blowing right now. Do not blitzscale because Nigeria will not possibly scale well in the next 3 years to give you absorption space.
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