Pool Photo The Lagos State Chapter of the Road Transport Employers Association of Nigeria (RTEAN) on Monday said the stay-off-road action by commercial buses on the Lagos-Badagry Road was unnecessary. The Secretary of the chapter, Abdulrahman Amusan, told newsmen that the N800 ticket imposed on commercial buses in the state was for tax purposes. Newsmen report that the commercial bus drivers had on March 1, embarked on what they called “Cease Commuter Operation” on the Lagos-Badagry Expressway – from Badagry to Mile 2 – following what they termed an unbearable increment in ticketing and brutality by RTEAN. The drivers were still off the expressway while passengers remained stranded at various bus stops. It is still not certain when they will return to the roads. They claim that both the RT...
Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...