Home Works 304 COMPANIES, 225,000 ENTERRISES OPEN IN OGUN

304 COMPANIES, 225,000 ENTERRISES OPEN IN OGUN

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The creation of enabling environment has led to the establishment of about 304 companies and more than 225,000 enterprises in the State since the inception of the present government over six years ago.

The Commissioner for Commerce and Industry, Otunba Bimbo Ashiru, disclosed this at the 12th quarterly meeting of the State Government and Manufacturers Association of Nigeria, Ogun State branch, at Oke-Mosan, Abeokuta.

Ashiru explained that massive infrastructural development and the provision of security among others were responsible for the influx of both local and foreign investors into the State, adding that, about 75 percent of Foreign Direct Investment (FDI) coming into Nigeria was domicile in the State.

He assured that the State would continue to do everything possible to retain its position as the industrial hub of the nation, assuring that, the State government would complete all on-going road projects before the end of its tenure.

The Commissioner said government has addressed the issue of double taxation through harmonisation of haulage revenue collection, maintaining that, key features of harmonization entails the use of security documents, unified daily tickets, customise toll house and the use of branded agents with means of identification, would put an end to multiple taxation, revenue leakages and other forms of vices in collecting government revenue.

Earlier in his address, the Chairman of Manufacturers Association of Nigeria (MAN), Ogun State branch, Mr. Wale Adegbite, appealed to the State government to help check the incessant harassment of companies by local government officials over payment of taxes, lauding the State government for granting companies rebate on land use charge in 2017, saying that, same should continue in the year 2018.

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