The Nigerian Employers’ Consultative Association, NECA, has
said the new Executive Orders signed by President Bola Tinubu have stopped many
organised businesses in Nigeria from going into extinction.
NECA’s Director General, Adewale-Smatt Oyerinde disclosed
this on Sunday in an interview with Channels Television .
Recall that Tinubu’s government last week issued four
Executive Orders suspending the 2023 Finance Act and the implementation of
arbitrary taxes.
Oyerinde, speaking on the impact of the President’s recent
decision, said it had prevented businesses, especially Small and Medium
Enterprises, from collapsing.
According to him, the Executive orders would allow the
organised businesses to constructively dialogue with the government on some of
the defects of the 2023 Finance Act.
“The four executive orders of President Bola Ahmed Tinubu
have stopped the organised business from extinction.
“It did not stop the whole issue but temporarily stopped the
business economy from sliding. It has allowed businesses to engage the
government on the matter constructively.
“For now, it will stop the slide of many businesses,
especially Small and Medium Enterprises”, he said.
Recall that at the twilight of the departure of former
president Muhammadu Buhari, several arbitrary taxes were introduced.
Meanwhile, Tinubu has set up a Committee headed by Fiscal
Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, to develop better
tax reforms nationwide.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com