The Cherubim and Seraphim Unification Church Worldwide’s Supreme Head, Prophet Solomon Alao, urged President Bola Tinubu’s administration to lower operating costs, especially for small and medium-sized businesses (SMEs). In his address on the state of the nation in Lagos, Prophet Alao emphasised the need to lower business expenses in order to promote industrial growth and create job opportunities for young people.
Prophet Alao expressed worry over businesses leaving Nigeria and stressed that SMEs, who employ the majority of the workforce in the nation, will gain from incentives and reduced operating costs. He warned that by October, there would still be suffering SMEs, and he encouraged the federal government to solve concerns including high import charges on raw materials, numerous taxation, and the difficulties encountered by SMEs.
Prophet Alao criticized the monopolization of the business space by larger firms and called for government intervention to support smaller enterprises in the society. He highlighted challenges faced by SMEs, including high costs of petroleum products, transportation, and the dearth of electricity, which contribute to the difficulty of doing business.
The C&S leader raised concerns about banks engaging in activities beyond their core functions, such as selling airline tickets and recharge cards. He argued that such diversification could edge out smaller outfits in these businesses, leading to increased unemployment.
Prophet Alao emphasised the necessity of taking concrete actions to provide a safer environment for citizens, in addition to his economic concerns. He made an appeal to the government to give security of life and property top priority.
In conclusion, Prophet Solomon Alao’s speech emphasised the pressing need for government intervention to assist SMEs, lower operating expenses, and resolve issues impeding their expansion. The demand that the protection of people and property come first demonstrated the church’s dedication to the benefit of society as a whole.