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Funding a business
How Do I Get Funding For My Business In Nigeria?
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[QUOTE="Rachael, post: 220961, member: 68963"] The standard of living in Nigeria keeps going on the high side. It is discouraging that the prices of goods are still on the high in every coming government administration. The prices of goods keep inflating while our source of livelihood remains static or even decreases in some cases. imagine, during the covid-19 pandemic, when so many people were laid-off from their jobs, it was a devastating time because even the effect of the pandemic was not greatly felt like the state of poverty it had on many. Getting funding through obtaining loans was pretty difficult at that time because there was a lock down order. There are ways you could get funding but what happens in a case where an unplanned event or emergency situation which is not profitable, makes you divert the money gotten as loan, how do you plan to repay, when you have not utilized the money in making profits. My point is, before obtaining loans, devise a means of repayment and keep an open mind that challenges are bound to occur. Always have preventive measures that should salvage some unpredictable events or devise to the option of savings so you do not have to be bent on taking of loans. [/QUOTE]
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How Do I Get Funding For My Business In Nigeria?
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