ACCI, NACCIMA, Dangote Seek Fair Tax Regime, Incentives For MSMEs

The Abuja Chamber of Commerce and Industry (ACCI) and the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) person called connected the authorities to prioritise a just taxation authorities and stronger incentives to enactment micro, small, and mean enterprises (MSMEs), which they described arsenic the motor of Nigeria’s economical growth.

The telephone was made yesterday astatine the opening ceremonial of the 20th Abuja International Trade Fair, which has attracted implicit 100,000 participants, including exhibitors from Africa, Europe, Asia, and the Americas. The taxable of this year’s edition, “Sustainability: Consumption, Incentives, and Taxation,” reflects a nationalist corporate resoluteness to code pressing economical and biology challenges.

NACCIMA President, Jani Ibrahim, said Nigeria’s fiscal strategy indispensable germinate to trim the multiplicity of taxes, amended compliance done digitisation, and make a growth-friendly environment.

He welcomed the caller taxation model that would exempt businesses with yearly turnovers beneath ₦100 cardinal from taxation opening January 2026, describing it arsenic an accidental to boost superior enactment for MSMEs.

“Capital enactment is cardinal for the maturation of tiny enterprises, which successful crook thrust nationalist economical expansion. Incentives indispensable enactment innovation, renewable energy, integer trade, and MSME competitiveness,” Ibrahim said. He added that with Nigeria acceptable to big the Intra-African Trade Fair successful 2027, the state indispensable prehend the infinitesimal to showcase its entrepreneurial capableness and pull caller investments.

ACCI President, Chief Emeka Obegolu, echoed the telephone for incentives and just taxes, noting that SMEs stay the backbone of the economy. He said the fair, which has facilitated billions of naira successful commercialized and concern deals implicit the years, would service arsenic a level to align depletion patterns, taxation, and incentives with sustainable growth.

“This 20th variation is much than an exhibition; it is simply a level to reimagine policies that enactment liable production, pull investments, and fortify biology stewardship,” Obegolu said.

The just features SME-focused platforms, sheet sessions with taxation authorities and fiscal institutions, and the motorboat of BABA FEST (Buy Africa, Build Africa), designed to observe African products and deepen intra-African trade.

Both enclosure leaders stressed that Nigeria indispensable unite down a Nigeria-first economical agenda, leveraging reforms and just taxation to thrust sustainable development, unlock opportunities nether the African Continental Free Trade Area (AfCFTA), and determination towards a $1 trillion system people by 2030.

Representative of Dangote Industries Ltd, Fatima Wali Abdurrahman, acknowledged that incentives are almighty tools that the Nigerian authorities tin deploy to velocity up backstage assemblage concern successful sustainable practices. From renewable vigor solutions that trim dependence connected diesel generators, to waste-to-wealth initiatives that tackle Nigeria’s mounting garbage challenges, she said that well-structured incentives tin promote businesses to innovate, make jobs, and standard up solutions that fortify some the system and the environment.

“For america astatine Dangote, we recognise that erstwhile strategically applied, taxation tin service a dual purpose: discouraging unsustainable concern practices portion generating gross for indispensable nationalist services and infrastructure. Such investments yet make an enabling situation for industries similar ours to thrive, portion gathering a stronger and much resilient Nigerian economy,” Abdurrahman stated.

She stressed that alternatively of exporting earthy materials and importing finished goods, Nigeria indispensable process much of what she produces locally. “This volition not lone make jobs and turn industries, but it volition besides trim our dependence connected imports and fortify our economy,” she stated, adding that “When these 3 elements are aligned, they make a model for an system that is not lone increasing but is besides self-reliant, job-creating, and built to last.”