Unemployment: NISPO Calls for Collaboration With Manufacturers
By Lucy Ekpenyong
The managing Director of NISPO Porcelain Company Limited, Mr. Afam Mallinson Ukatu, have appealed for closer collaboration between the Federal Government and the Organised Private Sector (OPS) to chart à way forward to eliminating multiple taxation, which according to him, had been militating against businesses in the country.
“If the government does not look into the issue of multiple taxation and harmonise it as quickly as possible, adding that many more Manufacturers would shut down”, he said. Continuing he said, “Taxes are being paid on turn over, but what of a situation where a manufacturer is losing money? It is obvious that a manufacturer produces and still loses money and is expected to pay taxes. There should be a system whereby you are evaluated by the tax authorities just like in china, he added.
He made the appeal while delivering à good will message at the inauguration ceremony of newly elected officers of the Commerce and Industry Correspondents Association of Nigeria (CICAN) at lkeja, Lagos.
Speaking further, Ukatu also advised the government to desist from the proposed increase in Value Added Tax (VAT), according to him, the government can only provide about 10 per cent of the total job require of the population. while manufacturing would generate 60-70 percent. In the area of ease of doing business, the managing director said Nigeria is a difficult country to do business, owing to infrastructural decay witnessed in various parts of the country particularly the Apapa axis that directly hampers business.
Present at the occasion were representatives of Manufacturers Association of Nig (MAN), Federal Institute of Industrial Research Oshodi (FIIRO), Nigerian Association of Chambers Of Commerce Industry Mines and Agriculture (NACCIMA), DANGOTE group, Cadbury, Association of bureaux de change operators of Nigeria( ABCON), Nigerian Union of Journalist (NUJ). NISPO porcelain company Limited is into building construction materials.
