Manufacturers urge Cross River to ease tax burden on industries
The Manufacturers Association of Nigeria is pushing for tax reforms to support industries in Cross River State. During a visit to Calabar, the association’s leadership discussed challenges like multiple taxation and poor road infrastructure with the state government. Francis Meshioye, president of the association, emphasized the need for collaboration to boost manufacturing. The group also acknowledged companies’ efforts to support local communities through various initiatives.
What we know
- Francis Meshioye highlighted that manufacturers in Cross River face numerous taxes and poor road conditions, impacting their operations.
- Some businesses reportedly deal with up to 40 different taxes and levies from various government levels.
- The association believes that recent federal tax reforms, if properly implemented, could help resolve the issue of multiple taxation.
- Poor road infrastructure around industrial areas remains a significant concern for manufacturers in the state.
- Segun Ajayi-Kadir, Director-General of the association, reaffirmed their commitment to working with governments to improve the business environment.
