Home » FG /state to curb multiple taxation
Business Headlines News

FG /state to curb multiple taxation

Vice President, Prof Yemi Osinbajo says the country plans to establish an Entrepreneur Bank to provide flexibility in provision of facilities to businesses.

Vice President stated this while fielding questions from a cross-section of women in various fields at a programme tagged `Next Level Conversation’ on Monday in Abuja.

The women, who were mostly entrepreneurs, were drawn from various sectors.

The vice president said that giving of loans to small businesses had featured prominently in the President Muhammadu Buhari-led administration.

“With small and micro businesses; we have TraderMoni, MarketMoni, FarmerMoni; which are basically very small credit schemes”.

“We think there is a need for a bank that will be a bit more nimble about entrepreneurship; a bank that has a bit more flexibility”. VP stated.

More so, the vice president said that the Federal Government would synergise with state and local governments to curb multiple taxation which had adverse effect on businesses.

The ministers of Women Affairs and Finance participated in the interaction.

Leave a Comment