Business confidence in the northern part of the
country has fallen drastically below zero per cent due to the increasing level
of insecurity in the region; latest findings by the Lagos Chamber of Commerce
and Industry have shown.
The chamber, in a report made available to our
correspondent on Sunday, said though the lull in business confidence level in
the region was expected, the situation had caused a severe setback to potential
investments in the country, especially in the affected locations.
The report entitled: ‘Nigerian Business Confidence
Index (Q2, 2013),’ stated that investors were most confident in businesses
located in the South-West with BCI score of 38 per cent.
This was followed by companies operating in the
South-East and South-South with BCI scores of 29 per cent and 19 per cent,
respectively.
The report stated, “Businesses located in
North-East, North-West and North-Central sustained negative confidence at BCI
score of -2 per cent, -1.5 per cent and -0.1 per cent, respectively.
The BCI is an economic indicator designed to measure
the degree of optimism on the state of the economy as expressed by business
leaders through their investment disposition.
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