Mr. Tony Elumelu, Chairman of Heirs Holdings has called for the restructuring of government regulations and taxation to support business growth in Nigeria.

Tony Elumelu

The astute businessman disclosed that: “Multiple regulations hinder business growth and we need to regulate our tax laws and practices in a manner that would create enabling environments for businesses, particularly start-ups and SMEs to thrive in the economy.”

“If taxes are well regulated for businesses, there would be increase in government revenue, more businesses would grow, thereby helping to curb unemployment and improving the economy significantly.”