More excise increases, invitation to illicit trade, industry recession – MAN
The Manufacturers Association of Nigeria (MAN) has warned that further increases in excise may not bring more revenue to the government’s coffers, as intended, but rather, fuel illicit trade, industry recession, capacity under- utilisation and layoffs; due to significant decline in sales by companies in the sector. The association, in a statement issued by its Director General, SegunRead More
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