Regulatory issues, lack of power supply, multiple taxation, and other challenges have been identified as factors killing efforts of young entrepreneurs and the manufacturing sector from thriving in the country.

Stakeholders in the real estate sector said the threat posed by multiple taxations to property development, consultancy and administration is huge and required urgent action

All the institutions of state and its bureaucratic mechanisms: taxation, education, transportation and religion fed the accumulative goal of the colonising state.

Experts in Nigeria’s real estate sector have identified over taxation, weak regulation, quackery among major inhibitors to the nation’s housing development. Speaking at a talk show organized by Photizo Properties in Lagos, Chief Executive Officer, Photizo Properties, Patrick Oriyomi, said investors shy away from real estate because of lack of trust. According to him, real…

South African President, Cyril Ramaphosa has congratulated President Muhammadu Buhari on his victory in last Saturday’s election. He also commended Nigerians for their peaceful conduct during the elections and their patience even after the elections was postponed by a week. President Ramaphosa, in his congratulatory message yesterday, expressed his commitment to working closely with President…

Telecommunications operating companies in Nigeria have again urged the federal government to review the Amended Tax Order of 2015 to reduce multiple taxation. To them, the current heavy taxes imposed on telecoms companies at the federal, state and local government levels, have been major obstacle, which retards economic growth, limits profits, compromises quality of service…

Governor Ben Ayade has encouraged the Igbo and other residents of Cross River State to resist unnecessary taxation. There have been cases of multiple and unnecessary taxation in the state despite the governor’s friendly tax regime to businesses. Reacting to complaints of extortions by tax officials at his installation as Eze Ndi Igbo in Cross…

Not-for-Profit Organisations (NFPOs) are the third sector of the economy in Nigeria and it is mostly neglected compared to the public and private sectors that have received a lot of recognition amongst people. The main aim of the social sector is to achieve social development that is, providing basic needs to the people. Not-for-Profit describes…

For allegedly collecting arbitrary taxes and levies from Whitesand trailer park owners, a group, Human Rights Monitoring Agenda (HURMA), has called on Apapa-Iganmu Local Council Development Area (LCDA), Lagos State to urgently investigate the allegation. HURMA in a petition addressed to the chairperson of the council, Mrs. Oluwafunmilayo Akande Mohammed, said such double taxation is…

In 2017, the Federal Government of Nigeria launched the Voluntary Asset and Income Declaration Scheme (VAIDS) as a “time-limited opportunity for taxpayers to regularise their tax status relating to previous tax periods and pay any taxes due. “In exchange for fully and honestly declaring previously undisclosed assets and income, tax payers will benefit from forgiveness…

The 58 underwriting companies operating in the nation’s insurance industry have attributed increasing multiple taxes they are subjected to by authorities as a setback that made them lose about N23 billion in the past and the current financial year.   In the 2016 financial year, insurers paid N11 billion as taxes from a Profit Before Tax…

Akinwale Goodluck is Head of Africa, Global System for Mobile Communications Association (GSMA), a trade body that represents the interests of mobile network operators worldwide. A solicitor of the Supreme Court, he has had a career spanning investment banking and legal practice. In the last 15 years, Goodluck has been engaged in the information and…