LG Autonomy, Tax Reform to Boost SMEs in Nigeria by 2025.

Small business owners in Nigeria are optimistic that local government autonomy and new tax reforms will boost SMEs by 2025, according to the Association of Small Business Owners of Nigeria. The expected benefits aim to improve entrepreneurship and economic growth nationwide.

The Association of Small Business Owners of Nigeria has expressed optimism that local government autonomy and the new tax reform bills will significantly benefit small businesses by 2025. According to the association, these measures are expected to enhance the operational efficiency and competitiveness of SMEs in the country. The local government autonomy is seen as a key factor in empowering local governments to manage their own affairs, while the new tax reforms aim to reduce the tax burden on businesses, thereby increasing their revenue-generating potential. As a result, small business owners are anticipating a substantial boost in their growth prospects by 2025.