Nigerian Businesses Grapple with Crippling Multiple Taxation, Logistics Expert Warns
The Nigerian business landscape is facing significant headwinds due to a pervasive issue of multiple taxation and levies, according to Wole Elusakin, Chief Executive Officer of Pomegranate Nigeria Limited. Speaking at the company’s recent management budget session and retreat in Abeokuta, Elusakin issued a stark warning about the detrimental impact these charges are having on private enterprises nationwide. He called upon the Federal Government to urgently address this challenge by harmonising taxes and streamlining billing processes to foster economic growth.
Elusakin highlighted the practical difficulties faced by logistics operators, explaining that their trucks are subjected to levies in virtually every state and local government area they traverse. “We have to contend with multiple billings,” he stated. “This is because in each local government or state we drive through with our trucks, we have to pay. So, there is a need for the Federal Government to come in and unify the taxes.”
This fragmented system of taxation, he elaborated, directly inflates the cost of goods for consumers. “All the costs incurred are invariably passed to our clients, who in turn pass them to the consumers, thereby increasing the financial burden on them.”
While expressing cautious optimism about the Federal Government’s new tax law, which he hopes will alleviate the problem of overlapping taxes and levies, Elusakin stressed the critical need for enhanced public communication and enlightenment. “We expect the Federal Government to communicate the policy effectively, so we can understand how it will impact our business,” he urged.
Pomegranate Nigeria Limited Charts a Course for 2026 with “Impossible is Nothing”
The recent management session in Abeokuta served as a crucial platform for Pomegranate Nigeria Limited to strategise and galvanise its team for the upcoming year. Under the ambitious theme for 2026, “Impossible is Nothing,” the retreat focused on strengthening team cohesion and re-energising employees to meet ambitious targets.
Elusakin described the annual budget session and retreat as a cornerstone of the company’s operational cycle. “At the beginning of every year, we have what we call a budget session, which is usually characterised by a retreat and a bonding session. This team bonding brought us to Abeokuta, where we visited the Olusegun Obasanjo Presidential Library, the Wildlife Park and the Olumo Rock for the mountain-climbing experience.” These activities were designed not only for leisure but also to foster a sense of camaraderie and shared purpose among staff.
Further enhancing the motivational aspect of the retreat, popular Nollywood actor Odunlade Adekola was invited to inspire the workforce. “He is a successful actor and we expect that we can leverage his fame and draw some inspiration from him to be able to push into the new year,” Elusakin commented.
Acknowledging the economic challenges faced by businesses in 2025, Elusakin offered words of encouragement to entrepreneurs. He urged them to persevere and adopt innovative strategies to navigate the complexities of the market and ensure their survival.
Pomegranate Nigeria Limited Set to Launch Innovative Cargo-Hailing Platform
Looking ahead, Pomegranate Nigeria Limited is poised to make a significant impact on the African logistics sector with the upcoming launch of PNLHub. This pioneering platform is described as Africa’s first cargo-hailing ride platform, aiming to revolutionise how goods are transported across the continent. Discussions are reportedly underway for Odunlade Adekola to lend his star power to the app’s launch campaign, further amplifying its reach and appeal.
Manager of the Year Recognition at Pomegranate Nigeria Limited
The retreat also served as an occasion to recognise outstanding performance within the company. Mrs. Dorothy Okunoye, Head of Finance, was honoured as the Manager of the Year. Receiving the award, Okunoye expressed her surprise and gratitude, pledging her continued commitment to exceeding the company’s financial objectives. Her dedication and leadership were highlighted as key contributions to Pomegranate Nigeria Limited’s ongoing success.
