…praises Afe Babalola’s 60yrs at Bar of England and Wales
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended President Bola Ahmed Tinubu for his recent intervention in tax matters in the country. The body expressed its commendation through a letter from its National President, Dele Kelvin Oye.
NACCIMA is a platform for Nigerian businesses to support national development by ensuring there is an enabling business environment through policy advocacy as well as enhancing business competitiveness with prompt information dissemination.
“We note that the tax changes were intended to raise revenue while addressing important public health and environmental concerns. However, the lack of adequate notice and clarity on the implementation of the changes has resulted in significant challenges for affected businesses, including rising costs, falling margins and capacity underutilization.
“We commend the decision by President Bola Ahmed Tinubu to sign executive orders deferring the commencement of the tax changes as contained in the Finance Act and Customs, Excise Tariff (Variation) Amendment Order. We also support the suspension of the 5% Excise Tax on telecommunication services, the Excise Duties escalation on locally manufactured products, the Green Tax on Single Use Plastics, including plastic containers and bottles, and the Import Tax Adjustment levy on certain vehicles,” Dele Oye, national president, NACCIMA, said.
NACCIMA promised to continuously collaborate with the federal government towards creating an enabling business environment that will attract investment into the country which will also enhance the competitiveness of businesses operating in Nigeria. According to him, this is the only way Nigeria could attain higher GDP growth rate, more job creation and lower unemployment rate.
In another development, NACCIMA has congratulated Nigeria’s foremost lawyer and the founder of Afe Babalola University (ABUAD) in Ekiti State, Aare Afe Babalola for his exceptional 60 years at the Bar of England and Wales.
NACCIMA also commended Aare Afe Babalola for equipping ABUAD with ultra-modern equipment and facilities such as the ABUAD Multi-Systems Hospital Complex, ABUAD Industrial Park, ABUAD IPP, ABUAD Farms, and other notable achievements in the university.
“We cannot overemphasize the importance of your philanthropic work, which has empowered legions of young minds to aspire and believe in their dreams. Your incredible leadership qualities, infectious passion, and selfless drive have been an inspiration not only to young upcoming lawyers but also to the general population, as you continue to play a pivotal role in providing access to justice and empowering people to live their dreams,” Dele Oye said.
