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.

Soffiyyallah Kamaldeen     Abiodun Oyedepo     PPS     Kwara TV     Isiaq Khadeejah     Bolaji Nagode     Rafiu Ibrahim     Federal College Of Education (Special), Afon     Waziri Yakubu Gobir     Abdullahi Atanda     Rafiu Ajakaye     Hassan Saliu     Shehu Alimi Foundation     Akume     Lawyers Unite Against Corruption     Tsado Manman     Elewu     Abdulganiyu Oladosu     Yusuf A. Usman     Ahmed Idris Mohammed     Donatus Ejidike     Jani Ibrahim     ITP     Garba Dogo     Otunba Taiwo Joseph     Abubakar Suleiman     George Funsho Adebayo     Samuel Adedoyin     Jumoke Gafar     Oko-Olowo     Peter Amogbonjaye     UNILORIN Alumni Association     Oye Tinuoye     Government High School Adeta     Senior Staff Union Of Colleges Of Education     Ridwan Agboola     Ibrahim Abdulkadir Abikan     Yusuf Lanre Badmas     Rashidi Yekini     Islamic Development Bank     Balikis Jawondo     Gobirawa     Emir Of Yashikira     Dan Iya Of Ilorin     AbdulRazaq Jiddah     Moses Rahman Popoola     Kale Bayero     Nigerian Army     Hijaab     Abdulrazaq Aiyelabegan     Muyiwa Oladipo Kanu     Bayo Lawal     Kwara Restoration Project     Ibrahim Abikan     Ahmad Olanrewaju Belgore     Kwara State Internal Revenue Service     Gabriel Fashanu     Idris Amosa Oladipo Saidu     Eleja Taiwo Banu     Ishola Abdullahi     Salihu Alhaji Musa     Yunus Lawal     Lai Gobir     Wahab Abayawo     Medinat Folorunsho Salman     COEASU     Umar Gunu     Yetunde Balogun     Saadatu Modibbo-Kawu     Ilorin Emirate     Ilesha-Baruba     Saad Omo Iya     Trade Lenda SME Fair     Kola Shittu     Omotosho     Bola Magaji     Is\'haq Modibbo Kawu    

Cloud Tag: What's trending

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

Bello Oyedepo     Bayo Ojo     Oju Ekun Sarumi     Sidikat Akaje     Titus Ashaolu     Kwara State Council Of Chiefs     David Adesina     Donatus Ejidike     Ilorin South     Mohammed Alabi Lawal     Iyabo Adisa Ibiyeye     Folashade Omoniyi     Sardauna Of Ilorin     Victor Gbenga Yusuf     Olupako     Aliyu Sabi     Ilorin East/South Federal Constituency     Ayekale     Ita-Ore     Christopher Ayeni     Umar Bayo Abdulwahab     Harrison Osauwagboe     Bolaji Aladie     Isiaka Oniwa     Oniye     Yemi Osinbajo     Nigerian Correctional Service     National Union Of Road Transport Workers     Shuaib Jawondo     Saka Onimago     Opolo Global Innovation Limited     Yusuf Abdulwahab     Adekunle David Dunmade     Haruna Olawale Sulaiman     Samuel Elizabeth Keatswa     Sadiq Umar     Kwara Restoration Project     Kwara Volleyball Association     Saka Keji     Yaman     Ronke Adeyemi     Oja-Oba     Abdullahi Biffo     NULGE     Cornelius Adebayo     ARMTI     Barakat Community Secondary School     Shehu Adaramaja     Olatunji Abdulmumeen     Olatunde Oyeyiola     NURTW     Saba Mamman Daniel     Toyin Olayinka Tejidini     Bashiru Makama     Ahmed Ayinla Jimoh     Dar-Al-Handasah Consultants Ltd     Saidu Yaro Musa     Ola Falade     Quarry Royal Valley     Mahmud Durosinlohun Atiku     Code Of Conduct Tribunal     Alapado     Aiyedun     Rafiu Ibrahim     Abdulraufu Mustapha     Vasolar-Kwara Company Ltd     Sa\'adu Gambari     Ajibike Katibi     Abdulkadir Orire     Bibire Ajape     KFA     Omupo     Wahab Egbewole     Kola Adesina     Aliyu Muhammed     Muslim Cementary     Kwara 2019