Business
Tax Reduction: Association Makes Case For Petty Traders
The National Associa
tion of Small and Medium Enterprises (NASME) Lagos State branch has appealed to the state government to exempt or reduce the taxes being paid by petty traders.
In an interview with journalists in Lagos, Chairman of the association, Mr Eze Ubiji, said that petty traders find it difficult to pay taxes since their businesses had been weakened by poor infrastructure.
According to him, payment of tax is a civic responsibility, but most businesses especially the small ones, are groaning under unfavourable business environment.
“Tax payment is adversely affecting the businesses. We need to wait until there is a visible improvement in basic infrastructure and economy before petty traders can pay tax”, he said.
He told journalists that it was a challenge for petty traders to pay tax, as many of them did not even have shops to operate from.
“The hiccups faced by small scale enterprises have been worsened because most of them are yet to get the intervention funds promised by the government.
“Capturing them for tax payment will only deplete the impact we want to see in the empowerment of the poor through the SMEs. It is the responsibility of every citizen to pay tax, but the Federal Government should urgently upgrade the country’s infrastructure”, he said.
He also urged the Federal and State Inland Revenue Services to implement more of their plans to improve the business environment, so that those who are finding their feet in small scale business could be encouraged to continue.
Business
Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs
Business
NPA Targets N1.489tn Revenue In 2026
Business
NPF Disburses ?21.68m To Fallen Heros’ Families …Reinforce Welfare Commitment
-
Editorial3 days agoDomesticate FG’s Exit Benefit Scheme
-
News3 days agoRSU Unveils Five-Year Strategic Dev Plan …Calls For Collective Commitment To Institutional Excellence
-
News3 days agoDHQ Confirms Deaths Of Terrorists, Soldiers In Borno Attack
-
News3 days agoTinubu Commissions Bayelsa Gas Turbine, Other Projects Today
-
Business3 days ago
Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs
-
Sports3 days ago
Full Draw For 2026 U-17 AFCON
-
Nation3 days ago
Rumuji Youth Leader Condemns Protest, Disowns Alleged Government Empowerment Claim
-
Rivers3 days ago
Dep Gov Seeks Collaboration, Transparency Between RIVCHPP, PHCMB
