We’ll put a progressive tax system that will allow businesses to grow, Prince Otu tells business community in C’River

We’ll put a progressive tax system that will allow businesses to grow, Prince Otu tells business community in C’River

Adds: We’ll also scale up agro industrialization and support mechanization

The All Progressives Congress (APC) governorship candidate, Sen. Prince Bassey Edet Otu has said that when elected as Governor of Cross River State, his administration will put a progressives tax system in place that will allow businesses to grow in the state.

Sen. Bassey Otu said he appreciates the challenge of multiple taxation faced by many businesses in the state and the tax administration he will deploy will not only be fair but will have the thriving of businesses as a key concern.

He made the statement in an engagement with the business community in Cross River State which held recently at the Entrepreneurship Development Center, Eyo Ita House, Ndidem Usang Iso Road, Calabar.

The engagement was convened by Great Ogban, the founder Leaders Den Foundation and Special Assistant to the governor on Entrepreneurship Development, Cross River State.

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The leading governorship candidate also stated that his administration will unveil a legal framework to support small businesses, provide access to finance and market as well as reposition Entrepreneurship Development and support systems and risks mitigation.

Speaking further, Sweet Prince as he is popularly called added that his administration will scale up agro industrialization in the state as well as support mechanisation of agriculture.

He explained that this is important to create jobs, build value chains that will ensure the state’s economy grows to achieve a GDP growth of 5% per annum in the state.

He concluded by assuring the business community in the state that he has plans to get Tinapa Business Resort up and running by putting the facilities already present there to use, complete all uncompleted and abandoned projects by previous administrations and build a close working relationship with the organized private sector.

Some of the organised private sector organisations present at the engagement were Calabar Chamber of Commerce and Industries,  Manufacturers Association of Nigeria MAN, National Association of Small Scale Industrialists NASSI, Hoteliers Association of Nigeria, Cross River State Chapter, Market Women Association, National Association of Women in Business.

Highpoint of the event was the endorsement of the APC governorship candidate Sen. Prince Bassey Edet Otu by the NACCIMA Business women Group NAWORG, Market Women among others.

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