Multiple taxes killing SMES, says LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm that Small and Medium scale Enterprise (SME) operators are groaning under growing multiple levies and interest rates being charged by the government agencies and banks respectively. Chairman, Small and Medium scale Enterprise Group of the LCCI, Jon Kachickwu, disclosed this in a chat with New Telegraph in Lagos.   He said that levies being paid to the agencies are taking huge toll on SMEs profits and investment. Specifically, he said that currently, the SMEs are losing about nine per…

Read More