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Ex-CBN boss seeks tax holidays for business outfits

13 September 2013, 14:32

Lagos - A former Executive Director of the Central Bank of Nigeria CBN, Titus Okurounmu, on Friday urged the Federal Government to grant tax holidays to business outfits  below three years.

Okurounmu told the News Agency of Nigeria (NAN) in Lagos that tax holidays would enable  young businesses in the country to grow.

According to him, granting tax holidays to young entrepreneurs would bring about growth and development of the businesses.

"The tax holidays for young entrepreneurs will encourage graduates to manage and own their own business.

"The multiplier  effect on the society will be very great," he said      

Okurounmu, however,  said that no country could witness any meaningful economic growth when lives and property were threatened.

To remedy the security situation in the country, he said more police officers should be recruited by the Federal Government.

-  NAN

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