NIRA Group of Compa
\nnies has appealed to the Federal Government to reduce tariff and taxes imposed on the importation of machines for mass-production of compact disks (CDs) and video compact disks (VCDs).
\nThe Managing Director of the NIRA Audiovisual Limited., Mr Alnoor Bhanji,\u00a0 made the plea in an interview with newsmen in Lagos.
\nBhanji said that the down ward review of the taxes would help grow the industry and protect it from extinction.
\nHe said that the tariff and ancillary taxes charged by government agencies at the ports were always on the high side.
\nOperators in the sector were finding it hard to break even with this trend, he said.
\nWith these charges, the cost of importing these machines had gone higher compared with what they were in the past.
\n\u201cAlso, the scarcity of foreign exchange is affecting importation and is unhealthy for our businesses.
\n\u201cWe are incurring high expenses in importing the machines, \u201c Bhanji said.
\nHe also lamented the high cost of maintaining the machines, adding that they had to fly-in experts from overseas to repair the machines in the country whenever they were faulty.
\nHe attributed this to the non availability of skilled local technicians that could repair them at present.
\n\u201cIt is a sensitive machine that cannot just be tampered with it. It requires the expertise of the manufacturing companies to repair, \u201c he said.
\nHe, therefore, urged the government to reduce Customs\u2019 duties and related taxes on importation of the replicating machine to safe their businesses.
\nBhanji said that if the government could reduce the tariff on such importation, it would help their business to succeed and also revitalise the industry.
\nHe recalled that there were 15 replicating companies across the country before, but at present, they had been reduced to seven due to high cost of maintaining the machines.
\nHe urged the government to grant soft loans to the companies in the country to boost their businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"
NIRA Group of Compa nies has appealed to the Federal Government to reduce tariff and taxes imposed on the importation of machines for mass-production of compact disks (CDs) and video compact disks (VCDs). The Managing Director of the NIRA Audiovisual Limited., Mr Alnoor Bhanji,\u00a0 made the plea in an interview with newsmen in Lagos. Bhanji […]<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-120235","post","type-post","status-publish","format-standard","hentry","category-icttelecom"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/120235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120235"}],"version-history":[{"count":0,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/120235\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}