Tag: Multiple Taxation
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Obi Cubana highlights challenges of entrepreneurs in Nigeria
Mr Obinna Iyiegbu, popularly known as Obi Cubana, has urged the federal and state governments to create a more enabling environment for businesses to thrive.
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NCC opens up on major obstacle of telecom industry
The Nigerian Communications Commission (NCC) has identified multiple taxation as major obstacle militating against sustainable development of telecom industry in the country.
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Over 40 bakeries shutdown in FCT over cost of production
No fewer than 40 bakeries have closed shop in the Federal Capital Territory (FCT), over cost of production and multiple taxation and hike in electricity tariff, among others. Some of the bakeries visited were not opened for business due to operational cost and multiple taxation by some government agencies.
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IMF cautions CBN over loan policy, multiple exchange rate
The International Monetary Fund (IMF) on Wednesday cautioned the Central Bank of Nigeria (CBN) over risks associated with the new loan policy requiring banks to lend at least 65 per cent of their deposits or be sanctioned. The Fund also raised concerns over the implementation of multiple exchange rates by the apex bank, urging the…
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Nigeria’s economy dying from multiple taxation, infrastructure deficit – LCCI
The Director of Research and Advocacy of the Lagos Chamber of Commerce and Industry (LCCI), Dr Vincent Nwani, stated on Wednesday that multiple taxation and infrastructure deficits were harming the nation’s economy. Nwani, an economist, made the observation in a paper entitled: “Regulations Undoing Diversification of the Economy” at the Breakfast Policy Dialogue, organised by…
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Multiple taxation responsible for abysmal performance of domestic airlines – Operators
The Airline Operators of Nigeria (AON) has blamed the poor performance of domestic airlines on multiple taxation by various agencies in the aviation sector. Capt. Nogie Meggisson, Chairman, AON, made the claim on Sunday in Lagos while reacting to the takeover of Arik Air and Aero Contractors by the Asset Management Company of Nigeria (AMCON).…