Manufacturers and tax experts across Nigeria are raising the alarm over what they describe as an opaque, inconsistent, and burdensome tax regime that threatens to undermine business growth, stifle productivity, and derail the country’s development efforts.
Speaking during a paper presentation at the 27th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria (CITN) in Abuja, industry players and policy experts called for a transparent, predictable, and equitable tax system, where fiscal decisions are consultative and outcomes are visible to taxpayers.
Ajayi Kadiri, Director-General of MAN, voiced strong concerns about the rising cost of doing business, especially in rural areas where multiple taxes from local and state authorities are driving up production costs.