According to the 2020 World Bank Doing Business report, Nigeria ranks 171 out of 190 countries in getting electricity which is seen as one of the major constraints for the private sector.
It needs not be said that business owners in trying to stay in business use generator sets. This is expensive and has pushed the cost of production to the roof top. Now they are being taxed for trying to survive and generate employment for thousands of unemployed youths despite the harsh business environment in which they operate.
According to experts, multiple taxation depletes returns on investment, erodes the capital base of listed firms, and subsequently trigger business collapse .
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