The Chartered Institute of Taxation of Nigeria (CITN) has said the Nigerian Maritime Administration and Safety Agency (NIMASA) plays a pivotal role in boosting tax revenues in the country.
President and Chairman of Council, CITN, Dame Gladys Olajumoke Simplice said this in Lagos during the 22nd Annual Tax Conference organised by the institute.
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“NIMASA is a regulatory agency saddled with the responsibility of regulating shipping business in the maritime industry, creating an enabling environment to simplify taxes on businesses to attract foreign direct investment, and revenue generation,” Simplice stated.
The CITN president also spoke on the strategic economic importance of marine tourism and water transportation and called for deliberate measures to develop them.
“As a regulatory body, it is your duty to regulate this tourism aspect of Nigeria, encourage indigenous shipping, and financially empower Nigerians to develop their cargo businesses, which automatically enable our local and foreign exports through ships,” Simplice said.
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