Nigerian tax systems too exploitative – Abiola-Peller

Tax System
Peller and Faniran
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A business mogul, Shina Abiola-Peller, has traced low investment in Nigeria’s tourism sector to multiple taxation, describing the nation’s tax system as being too exploitative.

Abiola-Peller, who delivered a lecture at the Press Centre of the Nigeria Union of Journalists (NUJ), Oyo State council on Tuesday, recommended review and harmonization of taxes among tiers of government in Nigeria as surest way of encouraging businesses, including tourism.

Entitled ‘Harnessing the tourism alternative for development in a challenged economy’, the lecture dwelled on the opportunities in the tourism sector and how they could be tapped.

“Multiple taxation and lack of clear government policy direction, the tax man in Nigeria is  more concerned about IGR growth than the growth of business concern, now I believe everyone should pay their fair share of tax but some of what goes on Nigeria borders on extortion,” he said.

Apart from excessive taxes, the lecturer also said there are other factors affecting the growth of tourism sector.

These, according to him, include policy summersault, infrastructural decay and poor security.

Abiola-Peller said the sector has the potentials to contribute immense to the growth of the nation’s GDP and address the unemployment problems ravaging the country.

He called for seriousness on the part of the governments at all levels and citizens’ involvement in the development of tourism.

WitnessNG

WitnessNG

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