Nigeria: Multiple Taxes, Extortion Crippling SMEs in Abuja

22 November 2020

Small and Medium Enterprises (SMEs) in the Federal Capital Territory (FCT) are finding it difficult to thrive because of multiple taxes and other restrictions, an investigation by the Daily Trust on Sunday revealed.

After successfully struggling to stay afloat due to economic challenges brought by the lockdown occasioned by COVID-19, small businesses still grapple with the excesses of some officials who are all out to generate revenue for governments at different levels.

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