Multiple taxes are making inflation worse and hurting many families traders tell the government

Market Traders Association of Nigeria (MATAN), a group of Nigerian traders, has stated that the government’s numerous taxes will increase inflation nationwide.

The businessmen, who spoke on Thursday in Ibadan, the capital of Oyo State, added that the government’s various taxes would result in a rise in the cost of goods and services.

The benefit system enrolment for traders was flagged off at the Lekan Salami stadium in Adamasingba, Ibadan, where the traders submitted these statements.

Hon. Jamilu Abbas, the association’s national president, Princess Folasade Nurudeen, the project committee’s chairman, Amb. Olakunle Johnson, and MATAN Board of Trustee, Hon. Muhammad Labaran were among those who spoke at the occasion.

They explained how having several taxes would harm many families.

In his speech, Abbas highlighted that the program was set up to solve the problem of the government’s various taxes on business owners.

He bemoaned the numerous problems with several taxes that market people in Nigeria face.

He continued, emphasizing that the federal government should address the issue of various taxes because many traders are struggling to make ends meet.

“We are here to request assistance from the Federal Government in addressing the issue of various taxes and uncertainties,” stated Abbas. And we want Nigerians to understand that we are not affiliated with any one person or political party on the political spectrum. As country market men and women, we conduct our business.

Since there would be no nation without traders, we are here to launch State chapters of the association in the South West.

In her speech, Nurudeen pledged to lead an inclusive government.

Johnson stated that illegitimate tax collectors who are extorting Nigerian businesspeople are costing the federal government approximately N31 trillion.

Before their items can reach their destination, traders must pay a lot of money, he claimed, adding that the strengthening of the dollar versus the naira is another issue for them.