Nigeria: Smuggling and Textile Industry Development
Lagos — Stakeholders in the textile industry are calling on the government to find a lasting solution to the issue of smuggling of textile materials into the country. The stakeholders said the economy is losing so much in terms of revenue in taxes to the federal government as a result of the smuggling activities, noting that the 100b textile revival intervention fund introduced by the federal government might not be able to achieve much if the spate of smuggling of textile materials into the country is not curbed.
http://allafrica.com/stories/201411071194.html
Related Posts
Government to warn motorists about counterfeit air bags
The Obama administration is preparing to warn car owners whose air bags have been...
Government flags illicit trade as a major deterrent to India’s growth
Union Minister of Consumer Affairs, Food and Public Distribution, Ram Vilas...
Corrections officer pleads guilty to smuggling pot, tobacco into prison
A corrections officer at the Coleman Federal Correctional Complex pleaded guilty...
Gov’t to raise tax on tobacco products
VietNamNet Bridge – The Government is planning to increase the special...