Multiple taxes are exacerbating inflation, hitting many families – merchants tell government

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Nigerian traders, under the auspices of the Market Traders Association of Nigeria (MATAN), have disclosed that multiple taxation by the government will lead to more inflation across the country.

Speaking on Thursday in Ibadan, the capital of Oyo state, the traders added that multiple taxation by the government would lead to increases in the price of goods and services.

The traders made these statements during the flagging out of the registration for the Trader Benefit Scheme held at Lekan Salami Stadium, Adamasingba, Ibadan.

Some of those speaking at the event included the association’s national president, Hon. Jamilu Abbas, MATAN Chairman in Oyo State, Princess Folasade Nurudeen, Chairman, Scheme Project Committee, Amb Olakunle Johnson and MATAN Board of Directors, Hon. Mohammed Labaran.

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They explained that multiple taxation would negatively affect many families.

Abbas explained during his speech that the program was organized to address the threat of multiple taxes imposed on merchants by the government.

He complained that market men and women in Nigeria are facing a lot of multiple taxation crisis.

He added that many of the traders are finding it difficult to survive, and insists that the federal government should address the issue of multiple taxation.

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Abbas said: “We are here to tell the federal government to help us tackle the problem of multiple taxes and uncertainties. And we want Nigerians to know that we have no political affiliation with any person or political party. We do our business as market men and women in the country.

“We are here to inaugurate state chapters of the association in the Southwest for the benefit of merchants, for without merchants there is no nation.”

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Nurudeen pledged in her speech to lead an inclusive government.

For his part, Johnson noted that the federal government is losing more than N31 trillion to illegal tax collectors extorting Nigerian traders.

He said traders pay a lot of money before their goods can get to their destination, adding that the rise in the dollar against naira is also another problem for the traders.

Multiple taxes are exacerbating inflation, hitting many families – merchants tell government

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