Ekeh calls on Buhari to extend tax concessions to tech sector

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The Chairman of Zinox Group,Leo Stan Ekeh,in lagos during the Silverbird Man of the year award on wednesday called on the Federal Government to consider urgently extending exceptional tax concessions to the technology sector.

According to the Imo state-born entrepreneur, extension of tax concessions to persons in the sector would spur the huge number of youths in the sector to create new economy.

Ekeh maintained that the nation needs tech sector to join the big economies as it has potential for phenomenal growth.

He condemned the analogue nature of economy being prepared at a time the nations are flying and deepening robotic technologies.

Inaddition, the digital entrepreneur quipped that millions of Nigerian youths nurse big dreams and have the capacity to thrive in a new and futuristic economy that is technology-driven, but urgently need structured capital and tax concession during their incubation period.

Ekeh testified that these young men and women have globally certified education and only needs the right environment to exhibit their capacity.

Ekeh bemoaned the situation of Nigeria warning that neglecting the tech sector would create unfortunate ones that may likely turn the country into theatre of laughter as youths take to scientific robbery, kidnapping and many other vices.

Also,he warned that the nation may not experience all-inclusive peace until we provide for these brilliant kids.

Ekeh, who received the Extraordinary Business Achievement Award at the event, stated that globally technology remains the global brand driving fortune company technology.

According to him, the 10 richest men in the world and the biggest companies in the world today can all be found in the technology sector – a reality that shows how technology remains the only profession that can help Nigeria bridge the gap between it and other advanced countries in the world.

“Technology is the only profession in the world today that can make the son of the poorest man the richest man in the world. Though still struggling, I am a practical testimony of the possibilities in the sector, having led several technology teams that deployed in Iraq, Libya, Guinea Bissau, etc.

However, I am still Nigeria-based. It is not just its lifestyle nature but technology is the only profession in world today in which you can experience miracle wealth. Our kids have read, seen and worked in tech companies or tech-driven companies in the world that became multi-billion dollar companies within five years and they are smarter than many of these foreign entrepreneurs but their only sin is that they are Nigerians and living in Nigeria.

“I have experienced this frustration for over 30 years and it is too late for me to complain. These kids are 21st Century youths and the majorities of them are not interested in agriculture and will never be forced to adopt it because of its unstructured nature.

Youths today are faith-driven and can anticipate the future better than their parents and leaders. My research shows that over 85% of them would rather prefer to make money only from tech-driven platforms which certifies them as global citizens or do nothing.”

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