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Private sector to FG: Review FX ban on 41 items, stop gestpo-styled tax collection

Members of the organised private sector (OPS) on Monday gave a list of 12 demands, tagged “priority areas”, to the federal government on how to improve the economic fortunes of the country.

The demands include reviewing the FX ban on 41 imported items introduced by the CBN in 2015; stopping the Federal Inland Revenue Service (FIRS) from using armed men to collect taxes; monitoring the allocation of FX to manufacturers; backing out of the proposed EU/ECOWAS Economic Partnership Agreement (EPA) which they believe would de-industrialise Nigeria; and paying debts owed to local contractors.

OPS comprises the Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA), Nigerian Association of Small and Medium Scale Enterprises (NASME) and Nigerian Association of Small Scale Industries (NASSI).

The presentation was made to Vice-President Yemi Osinbajo at the Second Presidential Business Forum, a platform to engage and interact with the private sector to keep them abreast with government’s policies, programmes and activities.

SOURCE: The Cable NG


Tags: Tax  Import Duties  Fg