Transporter Urges FG To Check Multiple Taxation

Worried by the
numerous taxes allegedly imposed on transport Mogul, Chief Ben Nnosike has urged the Federal Government to wade into the matter to reduce the taxation being imposed on transport operators.
Nnosike, who made the call in an interview with The Tide in Port Harcourt, said that multiple-taxation was hitting transporters hard and killing the transport sector.
He said “commercial transport operators are finding it difficult to break even, as they have to pay interest on loans borrowed from banks.
“We pay over 23 different taxes and it is affecting our businesses. This is responsible for the frequent hike in transport fares.
“The transport business is a business that touches the masses and most of the beneficiaries are the less privileged and civil servants who earn meager incomes”, he said.
Nnosike, who is the Chief Executive Officer of Nedal Transport Company Limited also said that the value and impact of the transport sector on the nations economy and the masses could not be over-emphasised.
“Today, import duties charged on buses for mass transportation are enormous and when transporters pay these charges, it is the passengers that bear the burden through fare hikes.
“The government should look into these challenges by acknowledging that transporters are solving one of the problems facing the masses, government must also realise that transport operators are adding value to the economy by providing employment opportunity to many Nigerians”, he stated.
According to him, the profit accruing to operators of this business is very low when compared to what the oil companies and multi-nationals organisations are making.
The transport mogul also urged the National Assembly to set up a trust fund that could grant low-interest loans to transporters in the country.

Corlins Walter