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Imo advertisers flay multiple taxes, seek harmonisation of fees

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Govt considers cooperative movement bank
The Imo Outdoor Advertising Practitioners (IMOAP) has urged the state government to address multiple taxation, harmonise billboard placement fees and taxes for sanity and accountability.

Its Chairman, Edwin Emebode, stated this at the weekend during a visit to Special Adviser to Governor Hope Uzodinma on Signage and Advertisement, Dr. Nina Nwulu.

Emebode, who was represented by an official of IMOAP, Okwuchukwu Nnaobi, decried alleged extortion, multiple taxation and unwarranted destruction of their billboards by agents of the state government, stressing that this should stop, as they were in the state to invest and develop its economy.

He said tax harmonisation would also help to properly regulate, streamline and bring outdoor advertising practice at par with its peers in other states of the country.

He also advocated provision of guidelines for billboard placements and payment of fees, lamenting that the practitioners had lost a lot of their clients to the inadequacies.

“We want the government to review multiple taxation of our members for possible harmonisation as done in some other states,” he added.

He, however, congratulated Nwulu her on her appointment, expressing IMOAP’s desire to work with her.

Responding, Nwulu commended the group for the visit, promising to look into their plight and present the matter to Governor Uzodinma for quick solution.

She noted that the state government believed in human capital development and empowerment, promising to partner with IMOAP in policy decisions.

Nwulu also lamented the setback in the state’s administration due to the COVID-19 pandemic, noting that government needed to boost its internally generated revenue (IGR) profile in order to meet its many obligations.

Meanwhile, in its determination to ensure grassroots banking culture and financial prosperity, the state covernment has disclosed plans to float the Imo Cooperative Movement Bank (ICMB).

Commissioner for Commerce and Industry, Kingsley Ononuju, who disclosed this at the weekend, noted that it was in line with Governor Uzodinma’s “Shared Prosperity” mantra, stressing that it was also hinged on the administration’s reconstruction, rehabilitation and reconstruction agenda.

Ononuju pointed out that the bank was conceived to revive the defunct Cooperative and Commerce Bank, adding, “Cooperative banks are key actors in any viable society.

“The Imo Cooperative Movement Bank (ICMB) when fully functional will help in the development of state’s economy through the provision of agricultural aids, as well as finance and assistance for farmers and cooperative societies.

“It will provide credit to its clients and members in good and bad times and stimulate the state’s internally generated revenue (IGR).”


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