several factors have been identified by researchers as major failures of going concern in Nigeria. such factors mostly canvassed are infrastructural decay, lack of governmental support, and multiple taxation but my opinion remains that business are not run by Government rather individual who has passion for a particular going concern and want to further th cause. Therefore, lack of passion, wrong reason of entry, poor financial records mangement, lack of continous training, poor management techniques, and lack of personnel development.
lack of stable economic condition that allow a bussiness to grow in the long run
lack of personal development lack of passion lack of continous training
Poor management less supervision investment
causes of corporate failure
There are four causes of the engine failure. The four causes of the engine failure includes engine overheating, lubrication problems, misassembly , and detonation.
terrorism in nigeria
causes of sexual immorality
Sex.
Mismanagement of the parastatals by the top management is one of the causes of financial failure. Corruption and the use of the traditional methods are also the other causes of the financial failure in parastatals.
The causes of rural-urban migration in Nigeria are associated to unemployment. People mostly come to urban areas hoping to get employment.
cocaine
Liver failure, renal failure, co2 narcosis
economics