MAN Chairman Calls for Tax Reforms to Boost Nigerian Business Competitiveness

The Chairman of the Manufacturers Association of Nigeria (MAN), Taiwo Oyedele, advocates for the implementation of new tax laws to assist Nigerian businesses in recovering from distortions caused by multiple taxation policies. Oyedele emphasizes the need for tax reforms to restore competitiveness, especially in the local and regional markets.

He highlights the challenges faced by Nigerian manufacturers due to high tax burdens and calls for a more equitable tax system to promote economic growth and revenue generation for the government. Oyedele warns of the risks of losing jobs and investments to neighboring countries if tax reforms are not prioritized.