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MAN Seeks Speedy Passage of Six Essential Bills for the Manufacturing Sector

He contends that proactive government action can restore macroeconomic stability, foster significant economic growth, improve the business environment, and enhance the overall well-being of citizens.

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The Manufacturers Association of Nigeria (MAN) calls on the National Assembly to hasten the passage and implementation of six  Bills that are critical for the manufacturing sector’s  well-being.

The legislative proposals include:

1. The Raw Materials Processing and Local Production Protection Bill: This bill seeks to establish a threshold of 30 percent value addition on raw material exports.

2. A Bill Ensuring Allocation of Financial Resources: This proposal mandates that 60 percent of Ways and Means be allocated to support local industries, to enhancemitigaten capacity and mitigating inflationary pressures.

3. Four Tax Reform Bills: These bills are designed to restructure, streamline, and unify tax processes within the sector.

Segun Ajayi-Kadir, the Director-General of the Manufacturers’ Association of Nigeria, has urged the swift implementation of these bills.

He contends that proactive government action can restore macroeconomic stability, foster significant economic growth, improve the business environment, and enhance the overall well-being of citizens.

Ajayi-Kadir expressed grave concerns about the current state of the Nigerian manufacturing sector, stating, “The future of our country is at a critical juncture, and the challenges faced by manufacturers must be addressed through appropriate interventions.”

He highlighted that the outlook for manufacturers in 2025 presents both opportunities and challenges.

Recognizing 2025 as a pivotal year, he noted that its outcomes will be crucial for the sector’s future.

Despite anticipated fluctuations in business activity at the start of 2025, there remains a measured optimism among operators, driven by expectations for a more stable exchange rate, cessation of interest rate increases, a slight easing of energy costs, and the timely enactment of favorable Tax Reform Bills by the first quarter of 2025.

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Abia Govt seals Globacom offices for owing over N4bn debts

In the court order dated January 14, 2026, Globacom was directed to pay ₦4,048,748,880—covering unremitted Right of Way withholding taxes and other statutory taxes for the period 2010 to 2022.

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The Abia State Government has sealed the Umuahia and Aba offices of telecommunications giant Globacom Limited over its alleged failure to remit more than ₦4 billion in taxes to the state.

The action was carried out by the Abia State Board of Internal Revenue Service (ABIRS) following a valid order from the High Court of Abia State, Umuahia Judicial Division.

In a statement, ABIRS Deputy Director of Information, Mrs. Emelle Akunna Loveth, said the enforcement followed Court Suit No. HU/225M/2025 between the Abia State Internal Revenue Service and Globacom Limited.

In the court order dated January 14, 2026, Globacom was directed to pay ₦4,048,748,880—covering unremitted Right of Way withholding taxes and other statutory taxes for the period 2010 to 2022.

The court also ordered the company to pay interest at 10 percent per annum on the outstanding amount from the date the taxes became due until full payment.

The court also granted a distraint order against Globacom’s goods, chattels, and premises within Abia State, authorizing ABIRS to enforce recovery and, if necessary, sell distrained properties after 14 days to recover the liabilities, in line with the Abia State Tax (Codification and Consolidation) Law, 2020.

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FG plans largest dairy, cattle ranches in Ogun — Abiodun

” Whenever investors express interest in Nigeria, President Tinubu often directs them to Ogun State. His leadership has rekindled hope among Nigerians at home and in the diaspora,” the governor said.

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Photo: Governor Dapo Abiodun

OGUN State Governor, Dapo Abiodun said today: ” The Federal Government is siting the largest dairy and cattle ranches in Nigeria at Ipokia and Yewa South Local Government Areas, with an initial capacity of 5,000 herds of cattle.”

The governor made the announcement during the All Progressives Congress (APC) Strategic Stakeholders Meeting at the Cultural Centre, Kuto, Abeokuta, noting that the initiative is part of broader efforts to strengthen food security, boost local agricultural production, and deepen value chains across the state.

“The biggest dairy and cattle ranches will soon be established in Yewa South and Ipokia. This is at the instance of Mr. President. These farms will start with 5,000 herds of cattle, and work will begin very soon,” Abiodun said.

He commended President Bola Ahmed Tinubu for his economic reforms, highlighting their role in stabilising the foreign exchange market, eliminating multiple exchange-rate regimes, and boosting Nigeria’s foreign reserves to about $45 billion.

Abiodun also praised the President for consistent support towards Ogun State, including approvals for projects such as the Sagamu–Ijebu Ode Road reconstruction, funding of the Eba oil discovery, and resuscitation of OKLNG.

“Whenever investors express interest in Nigeria, President Tinubu often directs them to Ogun State. His leadership has rekindled hope among Nigerians at home and in the diaspora,” the governor said.

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12 states harmonise new tax reforms, says Oyedele

“Let us stop using consultants to collect taxes. It undermines our ability to do what is right. The new tax law says you cannot use consultants to do the routine work of the tax authority and its autonomy must be guaranteed.”

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Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says that twelve states have so far adopted tax reform and harmonised the new acts with their laws.

Oyedele disclosed this during a presentation at the National Economic Council Conference in Abuja, yesterday.

Oyedele said that besides the 12 states, 13 states have the bills in their houses of assembly, while 11 states are in the final stages of presenting the bills.

He said it was important for the states to adopt and harmonise the new tax laws with their state tax laws to avoid multiple taxation.

He advised state governors to grant their internal revenue agencies autonomy.

“Let us stop using consultants to collect taxes. It undermines our ability to do what is right. The new tax law says you cannot use consultants to do the routine work of the tax authority and its autonomy must be guaranteed,” he said.

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