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.

Akande Idowu Ayoola Muhammed     Belgore     LEAH Charity Foundation     Biliaminu Aliu     State Bureau Of Internal Revenue     Ijakadi     TETFUND     Public Holiday     Ibrahim Oniye     Fola Consultant     Folorunsho Erubu     Offa     Government High School Adeta     Savannah Centre For Diplomacy, Democracy And Development     Mahee Abdulkadir     Kale Bayero     Basit Olatunji     Yakubu Shaaba     KWSUED     Olatunji Ayeni     NaAllah     Muhammed Mahe Abdulkadir     Ilorin South Constituency     Pakata Development Association     Gabriel Fashanu     Just Event Online     Aliyu Alhassan     FERMA     Bank Of Industry     Abdulmumini Sanni Jawondo     Olatunde Olukoya     Mohammed Ibrahim     Sobi Specialist Hospital     Abdulganiyu AbdulAzeez     Oluwarotimi Boluwatife Adenike     Ajidagba     Budo-Egba     Umar Adelodun     Mashood Abdulrafiu Agboola     Yinka Aluko     Oro Grammar School Old Students Association     General Hospital     IHS Towers     Isiaka Alikinla     Ilorin Talaka Parapo (ITP)     Okin Biscuits     Abdulbaqi Jimoh     Akorede     Agbarere     Yusuf Amuda Gobir     Taibat Ayinke Ahmed     Zainab Abass     Valsolar     Sidikat Alaya     Olofa Of Offa     Ajike People Support Centre     Magaji Erubu     Yeketi     Aasiyat Bello Oyedepo     Yusuf Olaolu Ali     Shao     Mohammed Danjuma     Matthew Babaoye     Vasolar-Kwara Company Ltd     Pilgrims Board     SUBEB     Temi Kolawole     Olaiya Zuberu     Bamikole Omishore     Adanla-Irese     Emir Of Shonga     Shuaibu Yaman     Olayinka Jelili Yusuf     Chartered Institute Of Personnel Management Of Nigeria     Young Progressives Party     Kwara State Internal Revenue Service     Moshood Mustapha    

Cloud Tag: What's trending

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

Doyin Awoyale     Clement Yomi Adeboye     KwaraLearn     Yunus Oniboki     Amos Bajeh     Michael Nzekwe     Emmanuel Olatunji Adesoye     Kunle Okeowo     Adebara     IQRA College     EFCC     Ayotunde Emmanuel Alao     Okanlawon Musa     Elerin Of Adanla     Bursary     Maryam A. Garuba     Salihu Jibril Garbi     Naira Redesign     Ishola Abdullahi     Guber Aspirant     Omu-aran     Yemi Sanni     Amuda Bembe     Isiaka Yusuf     Bolaji Aladie     Tsaragi     CT Ayeni     Ibrahim Abdulqadir Abikan     Umar Danladi Shero     Computer Based Test     Jide Ashonibare     Micheal Imodu-Ganmo Road     Henry Makinwa     Solomon Edojah     Abdullahi Samari     Ibrahim Bio     Sai Kayi     National Pilot     Sa\'adu Salahu     Peter Obi     Idris Amosa Oladipo Saidu     Mohammed Lawal     Christopher Odetunde     Aliyu Muyideen     Bello Oyebanji     Oniwa     Coronavirus     Umar Yakubu Jaja     Barakat Community Secondary School     Yahaya A Paniyaro     Kwara Primary Health Care Development Agency     Omupo     Jamiu Oyawoye     Ophthalmological Society Of Nigeria     Yusuf Ali     Playing Host     Hijab     Ajikobi     Abiodun Musa Aibinu     Ike Ekweremadu     Okin Biscuits     Ajibola Saliu Ajia     N-Power     Muritala Olarewaju     Ilorin East     Nupe     Ahmad Fatima Bisola     Jalala     KWASSIP     Seni Saraki     Musa Ayinla Yeketi     Abdulmalik Bashir Mopelola Risikatullahi     Abdulkadri Ahmad Alaiye     Yakub Lai Gobir     Ogbondoroko     Ayodele Olaosebikan     Raliat Islamic Foundation