Nigerian Private Sector Urges Urgent Economic Reforms Amid Rising Tax Pressures

The Organised Private Sector of Nigeria (OPSN) is calling for immediate economic regulatory reforms due to increasing tax pressures jeopardizing businesses in Nigeria. OPSN Chairman Jani Ibrahim highlighted challenges faced by small and medium enterprises, emphasizing the need for policy coherence, affordable financing, and streamlined regulations.

Dr. Abdulrashid Yerima of the Nigeria Association of Small and Medium Enterprises (NASME) welcomed ongoing tax reforms but stressed the importance of clear tax frameworks to encourage reinvestment and job creation.

Otunba Francis Meshioy from the Manufacturers Association of Nigeria (MAN) supported the reforms but cautioned against poor implementation, urging consistent tax laws and enforcement to boost business confidence and attract investments in Nigeria's manufacturing sector.