As part of its commitment to fostering economic growth and peace in the Niger Delta region, the Advocacy Unit of the PIND Foundation has initiated Stakeholder Validation Sessions to discuss its report on the impact of multiple taxation and illegal levies on small businesses in the region.
In May 2022, PIND conducted research to explore the effects of illegal levies and multiple taxation on Micro, Small, and Medium Enterprises (MSMEs) in the Niger Delta. Despite the region’s oil wealth, the report revealed ongoing challenges, including a lack of sustainable economic growth and high poverty rates. Small businesses, crucial for diversification and development, have struggled due to limited access to funding, insufficient infrastructure, and the burden of multiple taxation.
In continuation of this research, validation sessions have been organized. The first session took place in Port Harcourt, Rivers State on September 29, 2023, with the second scheduled for October 12, 2023, in Asaba, Delta State. These events aim to present the report’s findings to key stakeholders from government, regulatory authorities, private businesses, NGOs/CSOs, and the media.
The primary objectives of these sessions are to address the taxation challenges facing SMEs in the Niger Delta, with a particular focus on multiple taxation and illegal levies. Key activities include sharing research findings, engaging stakeholders to gain insights, analyzing existing policies, and developing policy recommendations for tax system streamlining. The initiative also seeks to establish collaborations with government agencies, civil society organizations, and development partners to implement and monitor proposed reforms.
Anticipated outcomes include increased awareness and understanding of tax-related issues among SMEs, the enhancement of policy frameworks and tax administration processes to support SME growth and sustainability, and the promotion of strengthened collaborations between government agencies, SMEs, and relevant stakeholders. These collaborations will work towards addressing taxation and illegal levy challenges, ultimately fostering a more favorable business environment for SMEs in the region.
A more comprehensive report on the outcomes of these sessions will be shared on this platform.