Tuesday, January 19, 2021

AGGEL advocates a change in FG’s fiscal policy for SMEs

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By Kingsley Omonobi— ABUJA

The African Center for Global Business Leadership, ACGEL, a non-governmental organization has called on the federal and state governments to change their tax policies in order to encourage small and medium-sized enterprises, SMEs, to succeed.

The President, Trustee of ACGEL, Pastor Greatness Oladapo, said this at the official coronation of the first ‘King of Business’ and a worthy mentor to the emerging entrepreneur, Dr. Adiodun Oyediran, in Abuja.

Dr. Oyediran is the Managing Director / COO of Abisteph Global Printers, whose company has an employment population of 188 employees.

Pastor Oladapo said: “As an NGO we are going to promote a policy change, especially in the area of ​​double taxation by governments to avoid strangling small businesses.

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“We are not a for-profit organization, which is why we say that these entrepreneurs had incorporated corporate social responsibility into their businesses and, for this, the government’s tax policy must change.

“This is because companies are already giving back to society through corporate social responsibility.

“So the government should reciprocate by reviewing its tax policies on small businesses to encourage them to be successful and create jobs for other young people.”

He recalled that in the 1960s and 1970s there was nothing like unemployment in Nigeria, and said that “unemployment was not a problem in Nigeria at the time, so we faced completely different problems.”

He pointed out that unemployment in Nigeria is artificial, not original, and that every artificial problem has a remedy.

Pastor Oladapo pointed out that “it is on the basis of the above that we believe that for a business that started 12 years ago, having a workforce of more than 180 and still aspiring to increase to 400 in the not too distant future is a king causing an impact. making him the person best positioned to assume the role of king.

“Emerging entrepreneurs will know him and he will guide them to success.”

Describing Dr. Abiodun as a shrewd entrepreneur and a quintessential job creator, Oladapo said that his primary role in the job creation project is to mentor the next generation of entrepreneurs and noted that a new generation is approaching who does not knows nothing about unemployment.

“Abiodun is the first king that we are bringing to the national echelon of this project,” he said.

“We have never done this before and he will bring his knowledge to encourage the younger generation of entrepreneurs and in doing so will leave a legacy in their lives,” he added.

READ: e-Nigeria: ICT-based skills solution for youth unemployment – Don

In his response, Dr. Abiodun Oyediran said that his coronation as the “King of Business” by the African Center for Global Business Leadership is a call to superior service.

He promised to do everything in his power to encourage emerging entrepreneurs.

He said that one of the main challenges facing small and medium-sized businesses in Nigeria is the lack of access to finance, and recalled that as a beginner, he was forced to reject some contracts not because he lacked the technical capacity to execute the job. , but because Then he could not access bank loans.

Meanwhile, ACGEL said it was pooling interests, initiatives and MDAs like SMEDAN among others to create multi-million dollar job creation funding to fight unemployment in Nigeria for the next 10 years.

The group said only interested applicants ready for their training and mentorship in fashion, agriculture, technology, housing, education and reinvestment programs will benefit from the first batch of N60 million.

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