Multiple Taxation Killing Industries, MAN Cries Out

Date: 2023-09-29

Manufacturers in the country have called on the federal and state governments to urgently address the issues of multiple taxation in the country to save the sector from imminent collapse.

The manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN), said double and multiple taxations are major threats to the growth of their businesses.

The national president of MAN, Otunba Francis Meshioye and the chairman of the association in Kwara/ Kogi states, Rahman Bioku, made the appeal on behalf of their colleagues during the opening of the 9th Annual General Meeting (AGM), of Kwara/ Kogi states branch of the association in Ilorin, the capital of Kwara State.

The AGM has “Nigerian Tax Albatross: Solutions and Reforms” as its theme.

In his address, the national president of MAN, Otunba Francis Meshioye, said the challenges confronting Nigerian manufacturers included “the harassment of manufacturers to pay multiple taxes and the collapse of infrastructure, especially roads leading to members' factories.”

“We are hopeful that the Kwara State government will effectively address these challenges with a view to improving the operating condition of businesses in Kwara State,” he added.

Meshioye, who was represented at the event by the vice president of MAN in South West Zone, Alh Kamoru Yusuf, added that: “ Esteemed members, we are quite familiar with developments brought about by government reform measures, pronouncements and policies. They include the removal of fuel subsidy, floating of the naira exchange rate and increase in monetary policy rate. In particular, the reversal of the clearly disingenuous escalation of excise rates on some products has made the theme of this AGM, which is 'Nigerian Tax Albatross: Solutions and Reforms' apt and timely. It will certainly add to the body of knowledge that will shape the tax ecosystem of Nigeria. “

The MAN president stated that “the poor performance of the national economy in the last few years, which the federating states are part of, has remained a source of concern to all of us.

Earlier, the chairman of MAN, Kwara and Kogi States branch, Rahaman Bioku, had said that the theme of the event was chosen “to conduct a long overdue assessment of the disharmony, the disarray, the controversies, the confusion, and the increasing conflicts which have unfortunately characterized the public tax regime in Nigeria.”

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kwara Central     Council Of The Wise     Ike Ekweremadu     Kwara Apc     Bayer Nigeria Limited     Ayinde Oki     Saadu Yusuf     Olaiya Victor Mobolaji     Playing Host     Iyabo Dupe Adekeye     Fola Consultant     Sadiq Umar     Kawu Baraje     Balogin Alanamu     Yusuf Badmus     Rapheal Ashaolu     Akande Idowu Ayoola Muhammed     Ben Duntoye     Mahe Abdulkadir     Sam Onile     Eleyele     Wahab Femi Agbaje     Trade Lenda SME Fair     Nigeria Governors\' Forum     Afolabi-Oshatimehin Adenike Harriet     Umar Sanda Yusuf     Sheikh Ridhwanullah     Onikijipa     Raheem Adaramaja     Kwara State Internal Revenue Service     Osinbajo     Ajeigbe     National Pilot     Ilorin Like-Minds     Pius Abioje     Kisira     Abdulquawiy Olododo     Babatunde Ajeigbe     Aliyu Muyideen     Ajibola Saliu Ajia     Waheed Ibrahim     Ejidongari     Kwara-SAPZ Project     NYSC     Jelili Yusuf     Suleiman Idris     Osuwa     Moses Adekanye     Hamidu Olowo     Kwara Primary Health Care Development Agency     Saliu Shola Taofeek     Sa\'ad Alanamu     Neo Mundo Ltd     Oro Grammar School     Alimi     Ishaq Oloyede     Hassanat Bello     Ajase-Ipo     HICA     Federal College Of Education (Special), Afon     Ahmad Olanrewaju Belgore     Olayinka Olaogun     Baba Adini Of Kwara State     CBT     KWASIEC     Adam Abdullahi Al-Ilory     Sidikat Alaya     Vasolar Consultoria     Tafida Of Kaiama     Muhammad Yahya     Oko-Erin     Maryam Nurudeen     BIR     Ahmed Bolaji Nagode     Mahee Abdulkadir     Hameed Oladipupo Ali     Mutawali    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ayegbeni     Y.A. Abdulkareem     Olatunde Olukoya     Mohammed Kamaludeen     Gamji Members Association     Garba Ado Sanni     Yusuf Amuda Gobir     Ben Duntoye     Shuaib Boni Aliyu     Dan-Kazeem     Saheed Akinwumi     Damilola Yusuf     Adedeji Onimago     Oya State     Muhammed Mahe Abdulkadir     Baakini     Saliu Ajibola Ajia     Ayodele Shittu     State Bureau Of Internal Revenue     Gbajabiamila     Salake     Raimi Iyanda     Abdulwasiu Bolaji Adeyi     Alanamu     Samari     Maryam Ado Bayero     Olabimpe Olani     Abdulraufu Mustapha     Ronke Adeyemi     KWASEIC     Amos Sayo     Alaro     Rachael Obisesan     Shehu Jimoh     Folashade Omoniyi     Adijat Adebiyi     Abdulganiyu AbdulAzeez     Monthly Sanitation     Ilesha-Baruba-Gwanara     Abdulrasaq Alaro     Elerin Of Adanla     Kola Olota     Hamza Usman     Mohammed Jimoh Faworaja     Okasanmi Ajayi     Waheed Ibrahim     Apata Ajele Secondary School     Abdul-Rasheed Na\'Allah     Federal College Of Education (Special), Afon     Ibrahim Orire     LAK Jimoh     Yemi Osinbajo     David Oyedepo     Balogin Alanamu     Bolakale Saka     Vasolar     NTA Ilorin     Wasiu Onidugbe     Gobir     Mujtabah Bature     Segun Olawoyin     BECE     Kunle Okeowo     Anilelerin     ER-KANG     Mohammed Katsina Ahmed     Ridwan Agboola     Saidu Kawu     Ope Saraki     MAI Akande     Tanke Flyover Bridge     Isiaka AbdulRazaq     College Of Health     Aliyu Sabi     Bashir Omolaja Bolarinwa     Dan Masanin     Abdulrosheed Okiki