OAP N6 reveals why he close down his perfume business, sacks all his workers

• He claimed that the six-year-old business was closed in March 2024 because his customers were unable to pay the new charges due to the interest rate increase.

Nnamdi Nwabasili, alias N6, a rapper and on-air personality, has described how the Bola Tinubu-led administration’s severe economic policies forced him to close his perfume business.

He claimed that the six-year-old business was closed in March 2024 because his customers were unable to pay the new charges due to the interest rate increase.

The entrepreneur had to lay off nine workers. His tweet was in response to activist Akin Olaoye’s protest that he was closing down his company on Allen Avenue in Ikeja.

Other netizens expressed their anger with the declining economy and how it is harming businesses. Meanwhile, several people empathized with N6 and Akin Olaoye.

See post below:

See some comments below:

@akintollgate: “Very sad!”

@onlineguru__: “Sorry to hear this is a sad situation. The only business still thriving in Nigeria now is Food business because no matter how bad the economy is people will still eat.”

@zion_lion9ja: “Import has reduced drastically but they will not tell us. Then I ask, what is consuming our FX? Corruption, money laundering.”

@mrblingy: “Person go chop first before smelling nice. It’s a blood bath out there.”

@puffshow1: “So sad, but you can still bounce back, source for locally made perfumes and investment 70% of your existing capital. Let start patronizing made in Nigeria. Let fight this FX together.”

@smldite: “Closed 12 of my barbing saloon businesses only in 2024. I’m just tired.”