Says multiple taxation on private businesses driving investments in pharmaceutical industry away from Nigeria to Ghana
President, Pharmaceutical Society of Nigeria (PSN), Mazi Sam Ohuabunwa, has warned the Federal Government against multiple taxation on private businesses as it may end in driving investment away from the country to neighbouring Ghana.
Ohuabunwa spoke at a public hearing on five bills organised by the Senate Committee on Health, chaired by Senator Ibrahim Oloriegbe.
The five bills are: Advanced Healthcare Development Fund (Est. Etc.) Bill 2020 (SB. 371); Federal Tertiary Teaching Hospitals Development Tax Fund (Est., Etc.) Bill, 2020 (SB. 136); Medical and Dental Council of Nigeria (Repeal and Re-enactment) Bill, 2020 (SB. 480); Federal University of Health Sciences, Oturkpo, Benue State (Est., Etc.) Bill, 2020 (SB. 216); and National Maternal and Perinatal Deaths Surveillance (EST., Etc.) Bill, 2020 (SB. 518).