Jesufemi Adeogun from New Chip Technology told reporters at Ikeja Club that government policies look decent on paper but completely miss what small businesses actually need to survive. The CEO pointed out how entrepreneurs at Computer Village and Alaba International Market burn cash on generators because the power grid is trash, and even basic cell service barely works in spots, generating massive revenue daily.
Adeogun wants officials to pump infrastructure subsidies into these business hubs and maybe grab minority stakes in successful local companies the same way they did with Dangote Refinery. He mentioned that tax breaks sound great until business owners get slapped with penalties because nobody told them they still need to file monthly reports, and the law does not care if you were clueless about the requirements.
Adeogun wants officials to pump infrastructure subsidies into these business hubs and maybe grab minority stakes in successful local companies the same way they did with Dangote Refinery. He mentioned that tax breaks sound great until business owners get slapped with penalties because nobody told them they still need to file monthly reports, and the law does not care if you were clueless about the requirements.
