Fossil fuels are hydrocarbon-containing materials formed naturally in the earth’s crust from the remains of dead plants and animals extracted and burned as fuel — coal, oil and natural gas.
Ahmed said the transition, which is a good development, had a deadline that was too short for Nigeria to develop strategies to boost production for export.“One of the measures that will gradually be adopted globally is the complete stop of production of cars and engines that are powered by fossil fuels. In Europe, they have pegged the date by 2035. Other nations from other continents are following the same direction,” he said.
Ahmed also said manufacturers remained the backbone of any economy, adding that it was discouraging for them to be laboured with multiple taxations.“The manufacturing sector has been acknowledged as the highest contributor to the job and human creation through development and technology transfer.
“There should be harmonisation of taxes especially, local government and roads-related levies to aid ease of compliance by MAN members and end the possibility of exploitation and harassment by government officials.”
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