Tag: Manufacturers Association of Nigeria

MAN demands VAT exclusion on diesel to address price increase

Aminu Imam

The Manufacturers Association of Nigeria, (MAN), has demanded the removal of Value-Added Tax (VAT) on diesel to address the current price hike. MAN, in a reaction to the current increase in the price of Automotive Gas Oil, (AGO), otherwise known as diesel, recalled that over the years, the sector has been battered by numerous familiar challenges that have plummeted a number of industries in Nigeria and converted industrial hubs in many parts of the country to warehouses of imported goods and event centres. The association identified key challenges confronting the…

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‘Subsidy removal may compound manufacturers woes, cause fuel-induced inflation’ ? MAN warns

Aminu Imam

The Manufacturers Association of Nigeria, (MAN), has raised concerns that the proposed fuel subsidy removal by the Federal Government will lead to inflation occasioned by an increase in production costs which may translate to higher prices of goods. MAN however agreed to the need for deregulation to enable competition and efficiency in the downstream oil sector, and ensure the adequacy of supply, adding that the government must take necessary measures to address the possible fallouts. The association’s Director-General, Segun Ajayi-Kadir, stated the position of the manufacturers in a chat with…

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