‘ Tax regime kills tourism, business in Cross River’
Former Speaker of Cross River State House of Assembly, Hon Gabriel Eddy, said that tax administration is killing tourism and other businesses in the state.
Eddy, who was a former member of the House of Representatives, lamented that hoteliers are going tough times because of heavy taxation.
He spoke in Calabar to journalists about his experience in the hospitality business.
“I was paying taxes to over thirteen organisations and at the end of the month, NEPA will come with electricity bills whether there was electricity or not and I had to pay salaries, maintain the place, so I could not continue with the hospitality services,” he said
According to him, Governor Imoke-led administration has not developed the tourism sector, forcing hotels shut down.
He said: “Many hotels have closed in the state because of low patronage, even the so-called Carnival attracts guests into the city for just a few days and that cannot sustain a vibrant economy.”
Eddy said due to unfavourable business climate in the state, he was forced to partition the two storey edifice which housed his hotel into residential apartments.