Lauryn Hill (photo via ACL), Brittany Howard (photo by Amy Price), Leon Bridges (photo by Ben Kaye) With stores slowly reopening around the country, it’s tempting to believe that normalcy is just around the bend. That’s hardly the case, however, and perhaps no one knows that better than black small business owners, who have been financially hit the hardest by the coronavirus. To support these individuals, city locals have been widely sharing listings of Black-owned operations, such as restaurants and coffee shops. Now, a number of prominent musicians are doing their part by playing a virtual event today called “Small Biz Live”. The online concert is highlighted by Ms. Lauryn Hill, Brittany Howard of Alabama Shakes, Leon Bridges, Nathaniel Rateliff, and Brandi Carlile. 2 Chainz, Bam Marley,...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...