SMEs growth: Elumelu tasks FG to address policy somersault

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Tony Elumelu

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday, advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs).

Elumelu gave the advice at the 24th Annual Lift Above Poverty Organisation (LAPO) Development Lecture held in Lagos.

The theme of the lecture is: “Galvalasing SMEs Toward Inclusive Development’’.

He said that the continuous crumbling of SMEs as result of policy summersault would add to the increased level of poverty.

Elumelu said that the United Nations Department of Economic and Social Affairs’ report entitled: “World Population Prospects, the 2017 Revision’’, showed that Nigeria might likely double its current population and overtake the U.S by 2050.

Elumelu, represented by Mr Adim Jibunoh, the Chief Executive Officer, Transitional Corporation…

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