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Folorunso Alakija Warns Against VAT Increase, Highlights Electricity as Key Entrepreneurial Challenge

  • Mrs. Folorunso Alakija warns against increasing VAT from five percent to 7.5 percent
  • She believes higher VAT will challenge entrepreneurs’ ability to earn
  • Acknowledges government’s need for tax revenue for nation-building
  • Emphasizes importance of reinvesting tax revenue effectively
  • Identifies electricity as a major challenge for Nigerian entrepreneurs
  • Highlights success stories of entrepreneurs starting with minimal capital
  • Urges federal government to improve electricity supply
  • Notes electricity as a key factor for attracting foreign investment
  • Discusses the impact of her skills acquisition center on graduates
  • Encourages graduates to utilize their skills for future success

Source: thisdaylive.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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