‘Multiple taxation killing firms’

By IAfrica
In Nigeria
Aug 25th, 2014
0 Comments
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The Niger State Coalition of Businesses and Professional Association (NICOBPA) has identified multiple taxation as the bane of the growth of small and medium enterprises (SME).

The chairman of the association, Alhaji Abdullahi Sadiq, who spoke in Minna at the weekend, attributed it to the relocation of industries to other West African countries with friendly taxation regime.

He said the association liaised with the Federal Inland Revenue Service (FIRS), the Niger State Board of Internal Revenue, local governments and tax consultants to find a solution to the problem.

Sadiq said the quest for economic development would be threatened if multiple taxation was not addressed by the three tiers of government and the organised business sector.

He added that the revival of local industries would create jobs for the youths, reduce crimes and generate revenue for  socio-economic development.

The NICOBPA chairman said the association was committed to ensuring a healthy environment for businesses to thrive and to avoid cross border crime and crisis with the neigbouring states, such as Kogi, Kwara, Kebbi, Kaduna and the Federal Capital (FCT), to attract investors to the state.

He said a survey carried out in Minna, Suleja, Bida and Kontagora by the association showed that Bida is the most secure town for investments, while Suleja is the most volatile, due to the influx of people into the town.

The survey, Sadiq added, showed that Minna and Kontagora had little threats.

He urged investors to invest in the state adjudged as one of the most peaceful.

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