The Manufacturers Association of Nigeria (MAN) has urged the federal and state governments to harmonise the multiple taxes being levied on members, as the
The association appealed to the Central Bank of Nigeria to give directives to commercial banks to reduce interest rates on industrial loans, address the foreign exchange crisis, and reduce interest on other loans released as COVID-19 palliatives to one percent.
The national president of MAN, Francis Meshioye, and the chairman of MAN, Kwara/Kogi states branch, Rahman Bioku, made this remark at the 9th annual general meeting of the association in Ilorin, the state capital, with the theme as: ‘Nigerian tax albatross: Solutions and reforms.’ Meshioye identified challenges confronting Nigerian manufacturers to include “the harassment of manufacturers to pay multiple taxes and the collapse of infrastructure, especially roads leading to member 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.” Meshioye, who was represented at the event by the vice president of MAN, Southwest zone, Kamoru Yusuf, cited recent developments brought about by the federal government reform measures, pronouncements and policies.
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