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.

Sulu Gambari     Olomu     Tafida Of Kaiama     Yusuf Lawal     Belgore     Ahmad Olayiwola Kamaldeen     Olupako     Senior Special Assistant On Student Affairs     Obuh     Kannike     Ridwan Agboola     Raimi Iyanda     Mohammed Halidu     Abdulraheem Yusuf     Sa\'ad Alanamu     Dele Momodu     Ayodele Kuburat Olaosebikan     Savannah Centre For Diplomacy, Democracy And Development     Hydroelectric Power Producing Areas Development Commission     College Of Education     Iyeru Grammar School     Salihu Jibril Garbi     V.O. Abioye     Vasolar-Kwara Company Ltd     Kwarareports     Abdullahi Samari     Abdulkadir Akanbi-Oke     KFA     Vasolar Consultoria     Tope Daramola     Christopher Tunji Ayeni     Afetu Of Alabe     Mohammed Abduraheem     Gbenga Awoyale     KwaraLearn     Abdulkadir Orire     Sulyman Age AbdulKareem     Voices Of Tomorrow     Ilorin Descendants Progressive Union     Mopelola Abdulmaliq-Bashir     Kolawole Akande     Omar Bolaji Gambari     Gbenga Adebayo     Mufutau Gbadamosi Esuwoye     Dan-Kazeem     Shehu Salau     Maigidasanma     International Vocational Centre     Bamidele Adegoke Oladimeji     FERMA     Abdullah Janet Amudat     Harafat E. Mukadam     Yusuf Zulu-Gambari     Yaman     Amuda Aluko     Trade Lenda SME Fair     Economic And Financial Crimes Commission     Mahee Abdulkadir     Aliyu Umar     Ayo Adeyemi     Alabi Lawal     BECE     Ilorin South Constituency     Mamatu Abdullahi     Yusuf Lanre Badmas     John Olajide Adedipe     Stephen Fasakin     Facebook     Kamaldeen Ajibade     Abubakar Kawu Baraje     Kwara State Coalition Of Business And Professional Associations     Ilorin Metro Park     Aisha Abodunrin Ibrahim     Budo-Egba     Yunus Oniboki     LABTOP     KWTV    

Cloud Tag: What's trending

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

KWASAA     V.O. Abioye     NAWOJ     Offorjama     Marufat Oladosu     Sola Saraki University     Oko Erin     Lawyers Unite Against Corruption     Maigidasanma     Ike Ekweremadu     Emir Of Kano     Salihu S. Yaru     Agor Market     Just Event Online     UNIFEMGA     Convocation Ceremonies     Katibi Ibraheem Adeola     Gbajabiamila     Pakata Development Association     SUBEB     Saka Onimago     Haruna Tambiri Mohammed     Segun Ogunsola     Senate     Taofeeq Olateju     Lanwa     Durbar Festival     ER-KANG     Bello John Olanrewaju     Folaranmi Aro     COVID     Summit University     ASKOMP     Oke-Ero     United Nigeria Airline     Illyasu Abdullahi     Abdulahi Abubakar Bata     Ibikunle Ogunleye     Ilorin Airport     Umar Ahmed Gunu     Ohoro Of Shao     Ilorin Talaka Parapo (ITP)     Abdulsalam Firdaous Amosa     Kwara Volleyball Association     Asa     Femi Oladiji     Temi Kolawole     TESCOM     Oloriegbe     Eghe Igbinehi     Magaji Erubu     International Vocational Centre     Yusuf Babatunde Abdulwahab     Ajibola Ademola Julius     Bayer Nigeria Limited     Nigeria Customs Service     Danhawa     Sunday Fagbemi     Pakata Patriots     Kayode Oyin-Zubair     CELF     TIIDELab     Frootify     Jare Olatundun     Oluranti Idowu     Irepodun     Nagode     Al-Adaby     RTEAN     Abioye Bello     NULGE     Ahmad Olayiwola Kamaldeen     Suleiman Mora Omar     Fulani     Folorunsho Alao     Ridhwanullah Al-Ilory     Haleeman Salman