56 Government Agencies Stopped From Tax Collection In Cross River State

In Breaking News, Business, Business & Economy, Interviews, National News, News, Reports

By Violet Isek

A total of 56 agencies have been withdraw from tax collection in Cross River State as a means of making the State business friendly.

The Speaker of the State House of Assembly, John Gaul Lebo broke the news about the Government decision over the weekend in what he called “Public Explanation” when he hosted members of the Association of Cross River Online Journalists (ACROJ) in Calabar, at the Assembly complex, where he posited that the Assembly is concerned that there are too many tax collectors in the state which makes the collection process cumbersome and in turn chase a lot of investors away.

“That is why we have taken out 56 government agencies from collecting taxes in this years budget so that a lot of the companies don’t get over taxed.” He said.

He further asserted that the Local Content Bill is very important, and stressed on the need to be conscious about the bill.

“The Local Content law is a very important. We have to manage the local content bill in such a way that we don’t drive away investors.” said the Speaker.

He concluded without naming the agencies.

Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

Stakeholders Agree To Work Towards Implementing VAPP And Disability Right Laws In Cross River State

By Ogar Monday Stakeholders from the Judiciary, Nigerian Police, and civil society have committed to work towards the full


PHED Official Electrocuted In Calabar, UNICROSS Student Butchered To Death

By Patrick Obia An official of the Port Harcourt Electricity Distribution Company (PHED) has been electrocuted in Calabar, Cross


2022 World Tourism Day And Carnival Calabar Unveiling In Pictures

CrossRiverWatch’s Entertainment Correspondent, Clement Oto-Obong better known as Walata Worldwide brings to you exclusive pictures from the 2022 World


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now