Elumelu and Tinubu Discuss Economic Reforms at Aso Rock

On Friday, Toni Elumelu, the founder of the Tony Elumelu Foundation, visited President Bola Tinubu at the Aso Rock Villa to discuss critical economic initiatives aimed at bolstering small and medium enterprises (SMEs) and overhauling Nigeria's tax structure. During the meeting, Elumelu emphasized the importance of SMEs as the backbone of job creation and economic growth.

He expressed satisfaction with the President's commitment to leveraging tax reforms to support financial interventions that ease operational pressures on entrepreneurs. Elumelu, a member of the Presidential Economic Council, highlighted the need for reliable power supply and the urgency of settling outstanding debts owed to generating companies to stabilize the power sector.

He noted that despite significant unpaid obligations within the electricity value chain, operations continue, underscoring the necessity for financial settlements to boost output and attract further investment in the sector. The discussions reflected a shared vision for enhancing opportunities for Nigerian youth and fostering economic stability.