NUFBTE also lamented the unfavourable situation, saying it
forced many companies to leave Nigeria for neighbouring countries.
Speaking in Lagos during a send-forth ceremony in his
honour, former President of the association, Mr. Lateef Oyelekan, argued that
multiple taxations were an obstacle to manufacturers in the food sector, noting
that it adversely affected production costs.
Oyelekan said: “We had challenges in the food sector on
multiple taxation and multiple excise duty. Given this, we wrote to the Federal
Government saying it was affecting us because it increased production costs
which also affected prices.
“Due to the price increase, there was a demand reduction. We
knew that with the way events were unfolding, it would affect our members, so
we cried to them, particularly the then Speaker of the House of
Representatives, Mr Femi Gbajabiamila and Aminu Suleiman, who promised that
something would be done about it.