The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has urged the Federal Government to devise effective means of managing the country’s debt profile to prevent the economy from shutting down.
“This is besides over 50 other forms of taxes and levies being imposed on the OPSN by both federal, states and local governments. There are yet other tax bills currently at the National Assembly seeking to impose taxes and levies on business establishments and companies, such as the NITDA levy, National Social Insurance Trust Fund, Company Income Tax among others. Considering the various challenges and economic difficulties faced by the OPSN.
He added that the government cannot afford to make mistakes in the organisation of a free and fair election, as this will help to position the nation among the comity of nations which will result in more foreign direct investments. “The OPSN and Nigerian people are the ones who bear the brunt of economic hardships in Nigeria, so why go to Chatham House London to discuss domestic challenges that are domiciled in Nigeria? NACCIMA and the OPSN want the establishment of our own Chatham House in Nigeria, where our socio-economic challenges are discussed, and solutions proffered to the challenges locally,” Udeagbala said.
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