Multiple-taxation has been a great challenge to most companies in Nigeria, chairman, Association of Licensed Telecommunications Operators in Nigeria (ALTON), Engineer Gbenga Adebayo has said.

Gbenga, who is the Chief Executive Officer (CEO) of Royal FM, Ilorin, spoke with reporters yesterday in Ilorin, the Kwara state capital.

He said the association has provided inputs to the joint tax force on taxation to check the challenges of multiple taxation.

He added that the current state of insecurity of life and property was too poisonous for any business to thrive.

He said "the challenge is a major step to the stability of investment. Security demands all round attention to guarantee life and property.

According to him, security of life and property is not negotiable. When people take life they should be punished according to the laws of the land. No investor will stake his money in an unsafe environment."

"Multiple-taxation is a problem for all companies in Nigeria. Taxes are defined in the act of the Federal Inland Revenue services, taxes and levies are defined by state and local government laws, but there must be transparency. The way government introduces new taxes, new levies and new collection regime makes a mess of any business enterprise. People pay certain tax to federal government, the same tax is being demanded by the state and local government. What this goes to show is that there is simple inconsistency in our tax environment and that is not good. With this no serious investor will take us serious," Adebayo said.