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Instead, it should be seen as a massive opportunity to drive growth and create wealth.” Mr Oyedele, whose committee submitted anew tax policyto President Tinubu, said small businesses are seeds that should be nurtured for inclusive development in the medium to long term.
In a video posted on his X handle on Saturday, he said federal and state governments must learn to encourage small business owners like Justin Trudeau did in a video from the African Small Business Event in Toronto.
Obi said that Nigeria’s MSMEs are groaning under the burden of heavy taxation, lack of funding, high cost of production, dwindling sales caused by economic hardship and unstable government policies.
“Think of these businesses not as fruits to be harvested in the immediate term, but as seeds to be nurtured for inclusive development in the medium to long term,” he said on Monday, June 24..
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