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Elumelu Advises Buhari To Support MSMEs, Fix Power

The Chairman of the United Bank for Africa (UBA) Group, Mr. Tony Elumelu, has advised President Muhammadu Buhari, to address Nigeria’s epileptic power situation as well as ensure that operators of micro, small and medium scale enterprises (MSMEs) are given the necessary support in his second term.

According to Elumelu, who is also the founder of the Tony Elumelu Foundation, access to electricity is critical to growing the Nigerian economy.

 He said this in an interview monitored on Sky News.

“I think power is critical. We know that access to electricity and improvement in that sector will help to galvanise and grow the Nigerian economy and I believe this government is going to do that going forward.

“Another sector that is critical and very important is the private sector and especially the small and medium scale enterprises. We know that countries that prioritise their small and medium scale enterprises do very well in creating employment and alleviating poverty.

“So, I believe this government in its second term will continue and even do more in supporting small and medium scale enterprises through policies and incentives that will encourage these people.

“We are extremely enterprising and our people just need the more encouragement to do great things,” he explained.

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Responding to a question about the growing Nigeria-China relationship, Elumelu said: “Nigeria is up for business. Nigeria wants attractive investors. If the Chinese sees Nigeria as a more hospitable and investment-friendly country, Nigerians are ready. “But we think our long historical trading partners like the United Kingdom, the US should also show more interest. I believe that is happening and a lot more will happen especially this second term.”

Source: This day

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