A prominent building contractor and entrepreneur, Mr. Musa Adeola Taoheed, has advised Nigerians against selling their properties to seek greener pastures overseas, emphasizing that the best opportunities lie within the country.
Taoheed, who relocated from the United Kingdom back to Nigeria, shared that his decision was driven by the abundant business prospects available locally compared to abroad. He warned that many Nigerians who leave the country often conceal the difficulties they face, including engaging in menial jobs.
“I chose to return to Nigeria because I am passionate about the country and believe it holds greater opportunities. Nigeria is a developing economy where innovative ideas, experience, and resources can be transformed into substantial wealth,” he said.
He pointed out that some of Nigeria’s wealthiest entrepreneurs, including Dangote, Otedola, and Adenuga, have built their fortunes within the country, reinforcing the idea that success is attainable domestically.
“If you are knowledgeable, focused, and supported by the right policies, nothing is impossible here,” Taoheed added.
Commenting on the current economic reforms under President Bola Tinubu’s administration, Taoheed highlighted the restoration of investor confidence, particularly due to improved stability in the foreign exchange market.
“For the economy to thrive, tough but necessary decisions had to be made. President Tinubu’s removal of subsidies and the unification of exchange rates, although long overdue, have set the foundation for sustainable growth,” he noted.
Taoheed condemned past corrupt practices where politicians exploited cheap foreign exchange allocations for personal gain. “Unlike previous leaders, Tinubu chose not to follow that corrupt path, even at the risk of political consequences. His policies are beginning to yield positive results — prices are stabilizing, and investment inflows are increasing.”
He urged Nigerians to invest in themselves and their businesses, emphasizing that government alone cannot create enough jobs. “Access to affordable loans should be prioritized, with the business itself serving as collateral. Encouraging cottage industries and entrepreneurship will reduce the overdependence on white-collar employment.”
On fiscal management, Taoheed praised the current administration for enabling states to reduce debt and improve infrastructure funding through tax reforms. He cited Ekiti State as an example, where increased resources have led to more developmental projects.
“Tough reforms like subsidy removal require bold leadership. Unlike past presidents who lacked the courage to take such steps, President Tinubu demonstrated both the audacity and willingness to confront entrenched challenges in his first term — a milestone in Nigeria’s economic history,” he concluded.
