Business owners and hoteliers in Edo State are pushing back against the recent increase in consumer tax, calling it a major threat to businesses already struggling under tough economic conditions.
The Business and Hotelier Stakeholders’ Forum (BHSF), in a statement issued by Chairman Chief Dr. Omogiade Edokpolo and Secretary Dr. Osado Tabusite, described the tax as a “devastating blow” that could cripple the state’s economy.
“The consumer tax is a double-edged sword. It will not only increase financial pressure on businesses and consumers but also weaken Edo’s competitiveness in the regional market,” the group stated.
They urged Governor Monday Okpebholo to reconsider the policy, arguing that the rising operational costs are already pushing many businesses to the brink.
The forum called for constructive dialogue between the government and business stakeholders to explore alternative revenue strategies that won’t stifle growth.
By reversing the tax, they believe Edo State can foster a more business-friendly environment, attract investors, and boost economic development.
Several other business associations in the state have also backed the call for a policy review, warning that without urgent action, businesses may be forced to shut down, leading to job losses and economic stagnation.
