Assembly Member Stanley Nsemo Hails Governor Otu Over Tax Reduction In Ika Ika Oqua Market

In Breaking News, Business & Economy

By Ruth Obo-Ekpo And Precious Odey

Honorable Stanley Bassey Nsemo, a member representing Calabar Municipal State Constituency in Cross River State House of Assembly, has expressed his heartfelt gratitude to Governor Bassey Otu, for his recent decision to reduce taxes imposed on traders in Ika Ika Oqua (Marian) market.

Nsemo said the move by Governor Otu comes as a welcome relief to the thriving business community at the renowned Ika Ika Oqua market.

According to him, “the governor’s decision to reduce taxes demonstrates his commitment to supporting Small and Medium-sized Enterprises and promoting economic growth within the State.”

Honorable Nsemo recognized the significance of the governor’s gesture in his statement, stating: “I want to commend the Governor, Senator Prince Bassey Otu for his proactive approach in alleviating the burdens faced by our hardworking traders.

“The reduction of taxes at Ika Ika Oqua market will undoubtedly provide a much-needed boost to their businesses, encouraging growth and prosperity.”

The member highlighted the pivotal role played by the market in the economic landscape of Cross River State, with its vibrant trade and bustling atmosphere. He acknowledged the immense contributions made by the traders towards the State’s revenue generation and job creation.

The lawmaker urged the traders to maximize the opportunities presented by the tax reduction and use them as catalysts for success, even as he also encouraged them to continue their commitment to excellent service delivery and adherence to best practices.

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