Punch Newspapers Sections Published 23 May 2021 The President of the Association of Small Business Owners of Nigeria, Dr Femi Egbesola, has said if fuel subsidy was finally removed, it would lead to a big crisis for small businesses. He said this in an interview with Sunday PUNCH. Egbesola said at the moment, only about 10 per cent of small businesses were surviving, adding that many had closed shops because they didn’t have the wherewithal to produce again. He also said the capital of many small businesses had been eroded by inflation and high exchange rate. He said, “A lot of small businesses will be affected. In fact, I’m also thinking of closing one of my factories. When we have fuel subsidy removed, I can’t imagine what would happen.