The Abuja Chamber of Commerce and Industry (ACCI) has cautioned that businesses are under pressure and investor confidence is being undermined by the Federal Government’s increasing reliance on taxes, insecurity, and rising production costs. At the chamber’s 2025 End of Year Media Parley on Tuesday in Abuja, ACCI President Chief Emeka Obegolu, SAN, stated that the tax system had effectively turned the government into a partner in private businesses. 00:02/03:11 10 seconds He said with oil revenues dropping, taxation had become the government’s principal revenue source, adding that businesses must now demand accountability for how tax monies are utilized.
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