The Nigeria Employers’ Consultative Association (NECA),has implored governments agencies to reverse unnecessary and cumbersome charges and levies that add to the burden of organized businesses in the country.
Conveying this in a statement, the Director General of NECA, Adewale-Smatt Oyerinde, lamented that some of the agencies sabotaging the current administration’s effort at growing the economy with reckless levies
He added:”Notwithstanding the Presidential directives on the suspension of the FRC Levies, the Financial Reporting Council of Nigeria continues to disobey the unambiguous directive of the President. This is not only worrisome but also unacceptable”.
He lauded the Federal Government for the suspension of the 4 percent FOB Customs charge.
He stated: “We commend the Minister of Finance and Coordinating Minister of the Economy for the demonstration of government’s commitment to grow the economy through the development of the organized private sector. This action, including the withdrawal of the proposed 5 percent telecom tax further affirmed the current administration’s determination not only to promote enterprise sustainability and competitiveness, but also determination to enable job creation at scale.
“While we commend the Government on this timely action, we urge the immediate implementation of the directive by the Nigeria Customs Service”.
He expressed that organized businesses will continue to play definitive roles in the rapid development of the Nigerian economy by promoting investments, trade, job creation and making sound economic recommendations to the government at all levels.
