Insecurity and erratic power supply have again been identified as the most critical obstacles facing Nigerian businesses, according to the latest Central Bank of Nigeria’s Business Expectations Survey for October 2025.
The report revealed that firms across major sectors ranked insecurity highest at 71.8 points, followed closely by insufficient power supply at 70.9 points, high or multiple taxes at 70.2 points, high interest rates at 68.4 points, and financial problems at 65.6 points.
The apex bank observed that “business constraints were more focused on financial factors than political challenges,” indicating that firms were more troubled by economic pressures than by political instability.