ACCI REQUESTS GOVERNMENT TO ERADICATE MULTIPLE TAXATION

Dr. Emeka Obegolu, the President of the Abuja Chamber of Commerce and Industry (ACCI), has called on both the federal and state governments to address the issue of multiple taxation, aiming to establish a conducive environment for businesses to prosper and generate employment.

During his inauguration ceremony as the 12th President of the ACCI in Abuja on Thursday, Barrister Obegolu emphasized the need to tackle and eliminate multiple taxation. He asserted, “We must put Nigerians to work,” highlighting the crucial role of the private sector as the engine of economic opportunity. Obegolu emphasized that businesses, especially small enterprises, thrive and create jobs when the government acts as a productive partner.

Commending the federal government’s initiatives such as the removal of fuel subsidy, unification of the foreign exchange market, and the student loan program, he acknowledged that while these measures may have initially tested Nigerians’ resilience, they will eventually yield positive results.

The ACCI President urged the government to strengthen collaboration with the private sector, represented by the chamber of commerce. He emphasized that this partnership has the potential to significantly benefit the business community, society, and the national economy.

Deputy Speaker of the House of Representatives, Benjamin Kalu, in a goodwill message, hailed ACCI as a beacon for innovation and economic growth. He described it as a staunch advocate for ease of doing business. Kalu encouraged the new ACCI president and counterparts in other chambers of commerce to develop programs that bring youth closer to the chambers.

“Bring the youths to the entrepreneurial programs you have. Please prioritize initiatives that promote inclusion; expose them to opportunities that will instill confidence in doing the right things,” stated the lawmaker.

News Source: Techeconomy