TAFTA seeks tax rebates, security for young entrepreneurs

The Terra Academy for the Arts (TAFTA) has called on both federal and state governments to address insecurity and provide tax rebates and incentives for young entrepreneurs. Joseph Umoibom, TAFTA's Academy Lead, made the plea at the Ogun Women Entrepreneurship Development Programme, held in Abeokuta. Umoibom emphasized that insecurity poses a significant obstacle to entrepreneurship, especially in the creative industry, where workers frequently must travel and operate irregular hours.

He stressed that the government must establish a safe and secure environment for entrepreneurs to thrive.

Umoibom stated that the government should prioritize safety and security, as people might be reluctant to venture out after dark due to safety concerns. He urged the government to eliminate corrupt taxes, as these put undue pressure on young businesses that are only starting. Umoibom also advised aspiring entrepreneurs to prioritize integrity and problem-solving to build successful careers in entrepreneurship.

He emphasized that people are more likely to do business with those they trust and who provide solutions to their problems.

The Programme Manager for Ogun State, TAFTA, Oluwafemi Oluwasuyi, mentioned that over 67,000 young Nigerians have been trained by the academy in Lagos, Ogun, and Kano states in the past four years. More than 25,000 young people have been trained in Ogun State alone. The WEDP, which ran for three days, included virtual and in-person sessions. Oluwasuyi stated that the program aims to equip young people with entrepreneurial knowledge, mentorship, and business support.

The Ogun State Commissioner for Industry, Trade, and Investment, Adebola Sofela, acknowledged the importance of women entrepreneurs in economic growth, job creation, and community development. She also emphasized the significance of technology, proper business records, customer understanding, strong branding, and maintaining quality and integrity. Sofela commended TAFTA for organizing the WEDP and encouraged women to embrace these aspects to build successful careers in entrepreneurship.