MAN Canvasses Tax Waivers for Local Manufacturers

Date: 2013-02-10

The Manufacturers Association of Nigeria (MAN) has canvassed tax waivers for local manufacturers to hedge them against the onslaught of foreign companies.

MAN president for Kwara and Kogi states, Princess Omolola Olobayo, last week, said in Ilorin, that the local manufacturers might soon be forced out of production due to unfavourable policies of the government.

She listed the unfavourable government policies to include heavy taxation, lack of incentives and delay of clearing raw materials at the seaports.

She said the development, if not looked into and considered, could lead to increase in unemployment level, as industrialists would be forced to downsize.

Olobayo, who spoke with reporters after the 2013 Customers Forum, organised by Doyin Investments, faulted certain exclusive reforms by the government, saying that such reforms were affecting companies production capacity and also killing the morale of young and local manufacturers.

“The reforms at the ports are giving us problems. Our raw materials are not cleared on time and we pay more money on import duty, and this is badly affecting our production and having dire consequences on us.”

According to her, the reforms are being implemented un-announced, the association has officially reported to the federal government but we are yet to a reprieve.

Olobayo urged Nigeria to emulate China where manufacturers were granted tax waivers for five years to encourage them to be in business.

Source

 

Cloud Tag: What's trending

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

TESCOM     Okala Baba     Durbar Festival     Owu Fall     Kunle Suleiman     Yakubu Dogara     Yemi Osinbajo     Innocent Okoye     Sheikh Alimi     Mahmud Ajeigbe     Shehu Raheem Adaramaja     Olawuyi     Oluranti Idowu     Fatimoh Lawal     Sunday Popo-Ola     Eghe Igbinehin     Ibrahim Jawondo     Eleja     Kwara Muslim Pilgrims Welfare Board     Mansurat Amuda-Kannike     Issa Baba     Aliyu Muhammed     Ayodele Shittu     Baba Issa Awoye     Ibikunle Ogunleye     John Dara     Majlis For Sadakah, Zakat And Waqf     Sulyman Tejidini     Iliasu     Ilorin Muslim Community     Baakini     Mope Dasuki Belgore     Agbarere     Olaiya Zuberu     Babajide Ajayi     Christopher Odetunde     Neuropsychiatric Hospital     Ella Supreme Tissue Paper     Ajike People Support Centre     Ilorin West/Asa Federal Constituency     Omotosho     Omoniyi Ayinla     Oyun     Okin Biscuit     Musa Alhassan Buge     Ibrahim Abdulqadir Abikan     CCEPE     Mohammed Lawal Bagega     Plat Technologies Limited     Baba Isale     BECE     Iyabo Adisa Ibiyeye     Yusuf Ibitokun Sherifat     AGILE Programme     Abdulrazaq Aiyelabegan     AbdulRazaq AbduMajeed Alaro     Mahmud Ayinla Giwa     Musa Yeketi     Towobola Abdulrahman Toyin     Abubakar Ndakene     Valsolar Consultoria     Special Agro-Industrial Hub     Bolaji Abdullahi     Sa\'adatu Modibbo-Kawu     Gbenga Awoyale     Ojuekun Sarumi     Kwara State Pension Board     Sa\'ad Alanamu     National Democratic Congress     Gobir     All Peoples Party     Sanitation Exercise     Principal Private Secretary     Ilorin East     Kehinde Baale     Temitope Ogunbanke     Oloye    

Cloud Tag: What's trending

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

Abubakar Baba Sulaiman     Allocation     Ajakaye     Donatus Ejidike     Ola Falade     AbdulRazaq Jiddah     Hamza Usman     Yusuf A. Usman     Ibrahim Mashood     Idowu Aremu     Lanre Aremu     Yahaya Muhammad     Olatunde Jare     Gamji Members Association     Sulyman Buhari     Iliasu     Congress For National Consensus     Arik     Saka Abimbola Isau     Ahman Patigi     Mansurat Amuda-Kannike     Ilorin West/Asa Federal Constituency     Afeyin-Olukuta     Iponrin     Ganmo Electricity Sub-Station     Yusuf Ibitokun Sherifat     Kwara University Of Education     Sheriff Olanrewaju     Dunmade     Salake     Abdulmumini AbdulRazaq     Mustapha Akanbi     Ebola     Esinniobiwa Quareeb     Pakata Patriots     Olumide Daniel Ibitoye     Kayode Oyin Zubair     Ilofa     Oro Grammar School     Kulende     Umar Saro     Bamidele Adegoke Oladimeji     Igbomina     Daud Adeshola     Khadijat Ayoola Yusuf     Alabi Lawal     TESCOM     Oyun     Saka Saadu     AbdulRazaq Abubakar Jiddah     Igbaja     University Road     Michael Nzwekwe     Yakub Ali-Agan     Mustapha AbdulGaniyu     Arinola Fatimoh Lawal     Oke-Kura     MalHub     Moro     Ambassador Kayode Laro     Olota Of Odo-Owa     Sulu Gambari     Ubandawaki     Kwara Primary Health Care Development Agency     Ibrahim Labaika     Oniyangi     Agbarere     Ojo Isekuse     Gbemi Saraki     Mohammed Khadijat Kubura     New Naira Notes     Salman Jawondo     Yakubu Shaaba     Emir Of Kano     Sidikat Alaya     John Olajide Adedipe     Monthly Sanitation Exercise