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.

Temi Kolawole     Amos Sayo     Age AbdulKareem     Hydroelectric Power Producing Areas Development Commission     Mohammed Ajia Ibrahim     Jide Ashonibare     Monsurat Omotosho     Amosa     Ilorin Metro Park     Folajimi Aleshinloye     Umar Saro     2023 Elections     Edret Sabi Abel     Razaq Atunwa     Nigeria Governors\' Forum     Florence Saraki     Mopelola Abdulmaliq-Bashir     Muhammad-Mustapha Suleiman     Adedeji Onimago     Jumoke Monsura Gafar     Mahmud Babatunde Baker     Hameed Oladipupo Ali     Micheal Imodu-Ganmo Road     Just Law Forum     Razak Atunwa     Owo Arugbo     Hassan Oyeleke     AbdulRazaq AbduMajeed Alaro     Jaiz Bank     Isaac Gbenle     Tanke Road     Galland Marcias     Abdulkadir Orire     Baba Isale     Alaiye     Kola Ologbondiyan     Gwanara     Agbarigidoma     Binta Sulyman     Sobi Hill     AbdulHamid Adi     Kwara Metro Park     Kayode Ishola     Muhammad Mustapha Suleiman     Iponrin     Alfa Yahaya Road     Nigeria Association Of Women Journalists     Oke-Kura     Ahmad Lawan     Kwara State Pension Board     Standard Organization Of Nigeria     Sunday Popo-Ola     Mansur Alfanla     Onilorin Of Ilorin     Olomu     HYPPADEC     Kazeem Oladepo     Olatunji Ibrahim     Jalala     Olaiya Victor Mobolaji     Yekeen Alabi     Dar-Al-Handasah Consultants Ltd     Saheed Akinwumi     Babs Iwarere     Aremu Odolaye     Jimoh Olusola Imam     Usman Rifun     Sherif Shagaya     Playing Host     Sanitation Exercise     Government High School (GHS), Adeta     Ibrahim Oniye     Shuaib Abdulkadir     Sheriff Shagaya     Government House     GGDSS Pakata     KW-GIS    

Cloud Tag: What's trending

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

Okeose Christian Cementary     Olufolake Abdulrazaq     Salihu Ajibola Ajia     AbdulGaniyu Kareem     Taofik Abiodun Ahmed     Abdulganiyu AbdulAzeez     Abdulfatai Salman Baakini     Yusuf Amuda Aluko     Towoju     Bola Tinubu     Adedipe     Mogaji Aare     Valsolar Consortium     Michael Nzekwe     Olam Food Ingredients     Age AbdulKareem     Sadiq Umar     Quareeb     Salami Adekunle     Muhammad Yahya     Ajike People Support Centre     AbdulKareem Yusuf Danhawa     Mubarak Oladosu     Kpotum Mohammed Baba     Okala Baba     Ilorin Descendants Progressive Union     Raheem Adaramaja     Abubakar Baba     Ayo Salami     Toun Okewale-Sonaiya     Abdul-Rahoof Bello     Amusa Bello     Yusuf Abdulraheem     Kayode Alabi     Face Masks     Omoniyi M. Ayinla     Sheikh Ariyibi     Kayode Ibrahim     Turaki Of Ilorin     Olusin Of Ijara Isin     Idris Garba     Khairat Gwadabe     Offa Poly     Special Agro-Industrial Hub     Bayer AG     Kehinde Baale     Dapo Teni Nig Enterprise     Florence Saraki     Bolakale Ayo     Monkey Pox     Folaranmi Aro     Ahmed Alhasssan     Asiwaju Bola Tinubu     Atiku     Ahmad Olanrewaju Belgore     Kwara Volleyball Association     Democracy Day     Javed Khan     Kunle Suleiman     Alabi Olayemi Abdulrazak     Kwara United     Halimah Perogi     Yusuf A. Usman     Olabode George Towoju     Bamidele Adegoke     Alfa Modibbo Belgore     Sun Qing Rong     Olanrewju Okanlawon Musa     Matthew Babaoye     Bolakale Kawu Agaka     CBT     Bilikisu Oniyangi     Curfew     International Aviation College     Ridwan Agboola     Agboola Babatunde     Tope Daramola