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Home Economy

FG to end multiple taxation on roads

Business 360 by Business 360
April 13, 2023
in Economy
0
Nigeria needs $2.3tn to address infrastructure deficit-FG

The Federal Government on Tuesday said it is working to remove multiple taxation on roads to promote free movement of goods within the country. The government said that multiple taxation on roads was against ECOWAS rules and regulations.

The Minister of Transport, Mu’azu Sambo, spoke at the 10th national delegates conference of the Road Transport Employers Association of Nigeria in Abuja, where the National President of RTEAN, Dr Musa Maitakobi, was returned re-elected for a second tenure.

Sambo said, “We’re working on that because multiple taxation on our roads is against ECOWAS rules of free movement of goods.

We are in touch with several states. After the last road monitoring exercise, the notes are yet to come in full, but we will discuss with the state commissioners of transport the issue of multiple taxation.

“It’s not good, it’s a burden and it pushes up the price of products that farmers are taking into the various market.” He added that, “Road transport accounts for 90 per cent of the movement of goods, services and persons and it’s tied to the economic recovery and growth plan of the present administration.

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