NGA recent Business Expectations Survey (BES) by the Central Bank of Nigeria (CBN) highlights that Nigerian businesses face significant challenges including high or multiple taxation, insecurity, and high interest rates. Conducted between June 6-10, 2026, with a 99.9% response rate from 1,900 enterprises across industry, services, and agriculture, the survey notes that businesses remain optimistic despite these constraints. The top three concerns were taxation (70.8 points), insecurity (69.7 points), and high interest rates (66.3 points). Other notable challenges included unfavorable political climate (62.2 points) and high bank charges (62.0 points). While financial constraints and poor infrastructure scored lower, the Business Confidence Index (BCI) stayed positive, driven by factors like increased demand and economic diversification. The electricity, gas, and water sector showed the strongest confidence and expansion outlook, with regional variations noted, particularly higher confidence in Northern Nigeria.
Bias read (Center): The article presents findings from a survey conducted by the Central Bank of Nigeria, which is a governmental institution. The content focuses on economic indicators and business challenges rather than taking a partisan stance. It reports data objectively without overtly favoring any political group
