Politics

“There Is Acute Lack Of Basic Infrastructure In Nigeria’ – Olufemi Ajadi

Published

2 years ago

Jul 7, 2022.

Paul Mbagwu

A chieftain of the NNPP, Olufemi Ajadi laments the lack of infrastructure for business in Nigeria
Ajadi said the challenges posed for entrepreneurs by the absence of needed infrastructure in the country were being worsened by double taxation

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EKO HOT BLOG reports that a Vice Presidential hopeful of the New Nigeria Peoples Party (NNPP) and Managing Director of Bullion Go-Neat Global Ltd, Mr Olufemi Ajadi, has bemoaned what he called the acute lack of infrastructure in the country, saying that it remained the major hindrance to entrepreneurial viability in the country.

Ajadi, who spoke during an interaction with a group of online Journalists in Lagos, therefore urged the federal government to do something about it as a matter of urgency.

He said that no serious government would allow the level of disrepair of public infrastructure the way it is being seen in the country currently, wondering why the administration had not thought it urgent enough to fix electricity, roads and water.

“It is obvious that there is an acute lack of basic infrastructure in the country.

“Many roads are impassable, and the several potholes in others lead to vehicular deaths within a short time of commuting on them”.

He said as a company he had been forced to jettison reliance on public electricity supply for a long time now but that had resulted to increase overheads and subsequently higher prices.

Ajadi said the challenges posed for entrepreneurs by the absence of needed infrastructure in the country were being worsened by double taxation.

According to him, the agencies of the government need to explain what and why they were duplicating taxes for companies struggling to survive.

“The way things are in the country now, it has become extremely difficult for companies, SMEs to survive.

“If the government truly wants to make the economy grow,, it should address these problems.

“I know what I suffered before I was able to stand, but not many entrepreneurs can have that kind of survival quality. Government should come to the aid of entrepreneurs.

“It needs these companies to fight youth idleness and crime.

“It should also make banks provide soft loans for business”.

He reiterated the point that the level of crime would have reduced had there been a conducive environment for entrepreneurs.

FURTHER READING

Ajadi however encouraged upcoming entrepreneurs not to relent, as according to him, perseverance would enable them to succeed in their endeavours.

He reiterated the need for the government to harmonise taxes payable by entrepreneurs to make the business environment more permissive for entrepreneurs.

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