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.

Ado Ibrahim     A.E. Afolabi     Democracy Day     SDP     Akanji     Mumeen Lah     Kwara State Fish Farmers Association     Aiyedun     Baaziki Sulaiman     Arinola Lawal     Chief Imam Of Offa     Mahfouz Adedimeji     Amos Justus Sayo     Principal Private Secretary     Pategi     Femtech     Sola Saraki University     Saad Omo Iya     Salman Alada     Olaiya Lawal     Nigeria Computer Society     Segun Abifarin     Bahago     Oju Ekun Sarumi     Jaigbade Alao     Alimi Abdulrazaq     Agboola Babatunde     Minister     Ilesha-Baruba-Gwanara     Yakub Lai Gobir     Olajumoke Monsura Gafar     Shero     Abubakar Abdulraheem     Rashidi Yekini     The Herald     Wahab Agbaje     Oke-opin     Yahaya A Paniyaro     Bola Ahmed Tinubu     Garment Factory     Road Transport Employers Association Of Nigeria     Government High School (GHS), Adeta     Samuel Olusegun Adedayo     Salihu Alhaji Musa     Abdulrauf Yusuf     Umar Sanda Yusuf     Christian Association Of Nigeria     Akeem Olatunji     Muhammad Yahya     Fawenu     Shuaib Jawondo     Abubakar Baba Sulaiman     Oja-Oba     Mashood Abdulrafiu Agboola     Dapo Teni Nig Enterprise     Abdulmajeed Abdullahi     Bashir Badawi     Garba Dogo     Haliru Yahaya     Tope Daramola     Shehu Salau     Umar Adelodun     Countryside Emerging Leaders Fellowship     Magaji Erubu     Oladipo Akanmu Tolani     Iyaloja-General     Muhammed Aliyu     Ndakene     Muhammad Fawaz Abubakar     Quareeb     Shettima     Mubarak Oladosu     Simeon Ajibola     Okanlawon Musa     Harrison Osauwagboe     Ibraheem Adeola Katibi     State Bureau Of Internal Revenue    

Cloud Tag: What's trending

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

Akom Construction And Engineering Synergy Ltd     Abdulganiyu AbdulAzeez     Sheriff Olanrewaju     Muhammed Danjuma     Alaro     Baba Isale     Sobi Hill     Saliu Ajia     Salary     Offorjama     Ishaq Abdulkarim     Mustapha Akanbi     HYPPADEC     NIRSAL     Kola Adesina     Radio Kwara     CLAY POT     Hussein Oloyede     Mansurat Amuda-Kannike     Durosinlohun Atiku     S.O. Opowoye     Sarkin Malamai     Taofik Abdulkareem     Mohammed Yahaya Barki     Seun Bolaji     Amuda Musbau     Yahaya Seriki     Olusola Saraki     Madawaki Of Ilorin     Ibraheem Adeola Katibi     Erubu Oba Zubair     Akanbi-Oke     Sheikh Hamzat Yusuf Ariyibi     Government High School Adeta     Bamidele Aluko     Elerin Of Erin-Ile     Bankole Omishore     Sheikh Ridhwanullah     Reuben Paraje     Mufutau Olatinwo     Bashir Adigun     Baba Adini Of Kwara State     Ndama Al-hassan     Yekini Adio     Aliyu Muhammad Saifudeen     Saraki     Olaiya Zuberu     Iyiola Oyedepo     Maryam Ado Bayero     Code Of Conduct Tribunal     Mohammed Ajia Ibrahim     Lanre Olosunde     KFA     Saad Belgore     Idris Amosa Saidu     Alumni Association Of The Federal Polytechnic Offa     Bola Iyabo Ibiyeye Adisa     Kwara NIPR     Saliu Oluwole     Olaoye B. Felix     Kwara Polytechnic     NNPP     Oluwatoyin Lukman     Towoju     Gbenga Olawepo     2017 Budget     Tosin Saraki     KWATMA     Col. Taiwo     Ilorin Innovation Hub     Abdullahi Biffo     IHS Towers     Illyasu Abdullahi     Shagari     Saduki Lafiagi     Isiaka AbdulRazaq     Ilesha Gwanara Road