The National Oil and Gas Suppliers Association of Nigeria has called on the Federal Government to make agriculture more attractivea and address the issue of multiple taxation, which the association describes as hindrance to business operations in the country.
This appeal was made during a press briefing held on Wednesday in Abuja by the National President of NOGASA, Mr Benneth Korie.
In his remarks on economic stability, Korie urged the government to prioritise agriculture as a means of addressing inflation and promoting food security.
He suggested that farming be made more attractive through subsidies for agricultural inputs and equipment.
“Reliance on unsustainable palliatives is not the solution. Instead, increasing budget allocations for agriculture and encouraging cluster farming will significantly boost food production”, he noted
Speaking further, he highlighted the impact of excessive and double taxation on businesses in the country, stressing the need for government intervention.
“Multiple taxation remains a critical concern, and excessive and double taxation by various government levels must be addressed to create a fairer business environment,” he stated.
The NOGASA president emphasised that the association’s concerns extend beyond taxation, touching on other pressing issues such as the availability of refined petroleum products, agricultural development, transportation infrastructure, and the fight against smuggling.
He commended the President of Dangote Group, Aliko Dangote, for his contributions to the industry through the establishment of Nigeria’s largest refinery, which he believes will boost supply, competition, and the overall economy.
Regarding smuggling, Korie called for a redesign of distribution channels and enhanced security measures at border points to curb illegal exportation of petroleum products.
“Strengthening our security agencies, especially at border points, with necessary equipment and support is crucial. Additionally, providing logistics and drones for surveillance will help combat smuggling and theft effectively,” he said.