In his reaction, the Director-General of MAN, Mr Segun Ajayi-Kadir, regretted that it is time for government ministries, departments and agencies (MDAs) to streamline multiple levies being placed on local companies operating in the country, which cause uncertainties in their businesses, suggesting that government and its relevant agencies need to adopt a one-stop shop levy, because of the financial burdens on investors.

According to him, this is a big financial burden on any company that is only trying to stimulate sales in this very challenging environment, saying: “We recommend that government advises its regulatory agencies to ensure that only one fee is charged for a particular transaction.

There is no reason why FCCPC, SON, NAFDAC (which are all federal agencies) should charge separate fees for the same business infractions, thereby increasing the cost of doing business in Nigeria.” Ajayi-Kadir explained that FCCPC’s $220 million imposed on Meta on the alleged infraction would have serious damaging effects on the reputation and survival of their business.