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Home Business news

MAN Calls for Production-Driven Tax System to Boost Nigeria’s Economy

Victoria Emeto by Victoria Emeto
April 13, 2026
in Business news
0
MAN, RMRDC Set to Boost Local Manufacturing with Tech-Driven 2025 NME & NIRAM Expo

The Manufacturers Association of Nigeria (MAN) has called for a tax system that goes beyond revenue generation to one that actively supports production and economic growth in the country.

The Chairman of MAN, South-East Zone, Mrs Adaora Chukwudozie, made the call on Thursday during a stakeholders’ engagement held in Enugu. The event was organised by the Enugu State Internal Revenue Service, the Nigerian Employers’ Consultative Association, and other Organised Private Sector partners.

Speaking on the theme, “Understanding and leveraging the opportunities in Nigeria’s new tax reform,” Chukwudozie emphasised the need for taxation policies that incentivise local manufacturing, boost exports, and promote value addition across industries.

According to her, a well-structured tax system should encourage industrial productivity and help businesses expand while also supporting the government’s revenue goals.

Chukwudozie noted that manufacturers are willing to collaborate with the government to design a tax framework that balances revenue generation with economic expansion.

She stressed that reforms must prioritise clarity, predictability, and ease of compliance to enable businesses to operate efficiently and plan for long-term growth.

“There is a need for a tax system that goes beyond revenue generation to a system that actively supports production and economic growth,” she said.

She added that the effectiveness of any tax reform should not only be judged by the amount of revenue collected but also by its impact on industrial output and job creation.

“The success of any tax reform should be measured by increased production, job creation, and improved competitiveness of industries—not just revenue collected,” Chukwudozie stated.

Stakeholders at the event also highlighted the importance of stronger collaboration between the government and the private sector to ensure that tax reforms drive sustainable economic development.

Tags: #BusinessNews#Manufacturing#NigeriaEconomy#TaxReform
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