The federal government of Nigeria has been urged by the Independent Shareholders Association of Nigeria, ISAN, to remove the ban placed on the importation of vital products to be able to benefit from the African Continental Free Trade Area (AfCFTA) agreement.
The group is also seeking the harmonization of favorable monetary and fiscal policies to be able to address the ravaging effects of inflation in the country.
While speaking on its forthcoming 7th triennial delegates’ conference and gala night scheduled to hold on Thursday 27 October this year, ISAN National Coordinator, Prince Dr. Anthony Omojola, said “There is an obvious need for the CBN and Ministry of Finance to use the instrumentality of the favorable monetary and fiscal policies to stem the ravaging hunger and inflation in the country.
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“There should be un-banning of certain vital food imports in order for the country to benefit from the African Continental Free Trade Area (AfCFTA) agreement. The Federal Government should be able to grant tariff reliefs to certain industries and reduce taxes for some sectors to reduce the operating cost of businesses.’’
Dr. Anthony further said “ISAN has been in the battle of engaging the government on the unclaimed dividend which Companies and Allied Matters Act (CAMA) states become statute-barred after 12 years and be returned to the companies that declared it.
“However the new Finance Act has taken it to six years and created the Unclaimed Funds Trust Fund. Thank God I have been nominated as one of the Governing Council. So I will ensure shareholders are protected.’’
On its 7th triennial delegates’ conference, he said: “As the name states, is a three yearly event which all our members and all strategic stakeholders in the nation’s economy and the Nigerian capital market in particular always eagerly look forward to. This event is used to address issues that are pertinent to Economic Development and Corporate Governance.’’