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.

AbdulRazaq AbduMajeed Alaro     Senate     Muhammadu Buhari     Oko-Olowo     IsDB     Hassan Oyeleke     Kwara 2015     Is\'haq Modibbo Kawu     Doyin Agbamu     Tafida Of Ilorin     KWIRS     Olatunji Bamgbola     Issa Manzuma     Sobi FM     Umar Ayinla Saro     John Obuh     Adesina Simon Sodiya     08001000100     UITH     Halimah Perogi     Muhammed Abdullahi     Tinubu     Saadu Yusuf     Ibrahim Gambari     Emir Of Lafiagi     Nigeria Foundation For Artificial Intelligence     AbdulHakeem Ajibola Akanbi     A.O. Belgore     Association Of Kwara State Online Media Practitioners     Saliu Tunde Bello     Lucky Omoluwa     Pakata     SSUCOEN     Sabi     Bareke     ITEM 7     Musa Ayinla Yeketi     Kwara Primary Health Care Development Agency     Yinka Aluko     New Model Police Station     Agbarere     Raymond Olaitan     Ilorin     Road Transport Employers Association Of Nigeria     Mustapha Olanipekun     Oniwasi Agbaye     Presidential Election     Mahe Abdulkadir     John Kehinde Salako     MalHub     Salmon Babatunde Salmon     Osi     Valsolar     Imam Gambari     Folaranmi Aro     Isaac Aderemi Kolawole     Alaro     Kayode Oyin-Zubair     Mary Arinde     Isiaka Abdulrazak     Mohammed Halidu     Mubarak Oladosu     Kabir Shagaya     Abdullahi Imam Abdullahi     Kwara Coalition Of Business And Professional Associations     Tsaragi-Share     Afin Descendants Union Of Odo-Owa     Abdulrazaq Solihudeen     Abubakar Kawu Baraje     Oloruntoyosi Thomas     Ndama Al-hassan     Florence Saraki     Ajakaye     Seni Saraki     Lawal Olohungbebe     Kwara State Polytechnic     Gambari    

Cloud Tag: What's trending

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

Apaola     Offa Poly     James Ayeni     Tosho Yaqub     Sola Saraki Educational Foundation     Ahman Pategi     Ganmo Electricity Sub-Station     Babs Iwarere     Monthly Sanitation     UTME     Prince Mahe Abdulkadir     Kola Olota     Jelili Yusuf     Shero     Nigeria Computer Society     Raliat AbdulRazaq     Taofeek Ibraheem     Isiaka Abdulrazak     UITH     Mohammed Khadijat Kubura     Countryside Emerging Leaders Fellowship     Rasheed Jimoh     Funmilayo Zubair     07039448763     Halimat Yusuf     Kannike     Bolaji Gambari     Yusuf A. Usman     Haliru Dantoro     Amusa Bello     SUBEB     Okanlawon Musa     Sheikh Hamzat Yusuf Ariyibi     Shola Odetundun     SARS     Offa Metropolitan Club     International Public Sector Accounting Standards     Shaykh Luqman Jimoh     Mohammed Kamaludeen     Saka Keji     Aliyu Kora-Sabi     Onilorin     Saeedat Aliyu     Jani Ibrahim     Sabi     Suleiman Ajadi     Isa Aremu     Sunday Otokiti     Yakubu Shaaba     Federal College Of Education (Special), Afon     Olanrewju Okanlawon Musa     Funke Adedoyin     Moses Rahman Popoola     IHS Towers     Victor Gbenga Yusuf     Kpotum Mohammed Baba     Ishaq Oloyede     NNPP     Muslim Cementary     National Information Technology Development Agency     National Democratic Congress     Toyin Olayinka Tejidini     Bisi Oyeleke     Gbadeyan Gbadura Yomi     Oniwa     Abikan     IHS     Razaq Ayobami Akanbi     KWSUED     Akanji     Danhawa     Yusuf Babatunde Abdulwahab     Wasiu Odewale     Jamiu Oyawoye     Yoruba     Onikijipa     Sobi