00:05In Nigeria, SMEs faced major challenges like limited access to finance and infrastructure.
00:11The burden that comes with the increased cost of fuel due to the war in Iran has become
00:16a pendant of albatross on the category of business operators.
00:20Increase of the fuel has affected our production.
00:24We had to increase the prices of our stores, which in one way affects the customers too.
00:35So it has really, really affected us.
00:37Ms Obanure initially thought she had dotted all her I's and crossed all her T's when
00:41she did her research and chose a location with steady power supply so as to avoid paying
00:46extra costs on fuel to power generators.
00:48It wasn't known to her that her business fate could be determined by a war in a foreign
00:53land.
00:54I heard it was because of the war in Iran.
00:57So I was so depressed that I had to come online to like voice out.
01:02I made a post, the post went viral and an anonymous man came to my rescue.
01:07So that was how I was able to like get a solar for my business.
01:12If not for the solar, by now I would have, I would have fucked up, I would have fucked
01:16up.
01:17Not all SMEs who come online to state their challenges can be fortunate to have some good
01:22Samaritan strangers come to their rescue.
01:25The work we are doing now, if you tell the customers, this amount of the work, they will
01:29say no.
01:30They will see pay the previous amount we were paying.
01:32They don't increase.
01:33The price of market don't change.
01:34We don't change our price.
01:36But now the market, the market we are buying, the price change.
01:40Besides the high cost of fuel, Nigeria is grappling with poor power supply, which has become a
01:45socio-economic menace not only to businesses, but all households.
01:49As the conflict in the Gulf continues, world's energy supplies will keep being affected and
01:55the global economy will simultaneously weaken.
01:58Like Obanure, Nigerian SMEs need the government at this moment as the Good Samaritan in their
02:04stories.
02:05Yankinwa.
02:06Sijitian.
02:07Sijitian.
02:08Sijitian.
02:08Sijitian.
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