Business
MAN Flays Multiple Taxation On Industrialists
The Manufacturers Association of Nigeria (MAN) has decried the multiple taxations imposed on industries by the three tiers of government.
Mr Wole Akeukereke, the Executive Secretary (West) Manufacturers Association of Nigeria (MAN) made the complaint in an interview with newsmen on Thursday in Ibadan.
He observed that multiple taxation was one of the two major challenges crippling industrial growth and forced many to close down..
“The state and local governments do go beyond what is expected of them as they go about using crude ways to extort money from our members.”
“For instance if you go along the road, you see them carrying tyre rippers, using all touts to form road blocks.
“They say they are consultants whereas the Federal Inland Revenue Service has made it clear to us that the use of consultants for the purpose of revenue generation is illegal, yet the state and local government still engage in it,” Akeukereke said.
He argued that in areas where industries operated, it was the children of those communities that would benefit by being gainfully employed.
“It is the children that will work in the industries, so government should have a rethink on this issue of multiple taxation because it is really killing our industries.
According to him, some manufacturing companies are relocating outside Nigeria to Ghana and South Africa.
“I learnt that any investor who wants to establish a company in Ghana, Ghana government will give him free land to build his factory, tax relief for five years, among other incentives.
“I think government should rather encourage both local and foreign investors, make friendly policies that will be devoid of multiple taxation.”
“Even the few industries that are operating now; they still face this problem of multiple taxation and worst of all, epileptic power supply,” the executive secretary added.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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