The Manufacturers Association of Nigeria (MAN) issued a plea on Tuesday, urging both federal and state authorities to unify the various taxes imposed on its members, citing these levies as detrimental to business expansion.
In their appeal to the Central Bank of Nigeria (CBN), the association also called for directives to be issued to commercial banks, stipulating the reduction of interest rates on industrial loans, addressing the foreign exchange (FX) crisis, and lowering interest rates on other loans distributed as COVID-19 palliatives to one per cent.
Francis Meshioye, the national president of MAN, and Rahman Bioku, chairman of MAN in Kwara/Kogi states, made these remarks during the 9th annual general meeting of the association in Ilorin, the state capital, held on Tuesday.
Meshioye, who was represented at the event by Kamoru Yusuf, the vice president of MAN, Southwest zone, cited recent developments brought about by the Federal Government reform measures, pronouncements and policies.
The MAN president further stated that “the poor performance of the national economy in the last few years, which the federating states are part of, has remained a source of major concern to all.
