Widget powered by WhatstheScore.com

Author Topic: Fayose Accuse FG of imposing more hardships on Nigerians with VAT increment  (Read 88 times)

0 Members and 1 Guest are viewing this topic.

Offline mastercode

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2001
    • View Profile
    • Naijacrux

Ekiti State Governor, Mr Ayodele Fayose has said that the Federal Government was planning to impose more hardships on Nigerians by increasing Value Added Tax (VAT) from the current five per cent to 10 per cent, describing the move as insensitive to the plight of Nigerians who are suffering from the bad economic policies of the President Mohammadu Buhari-led All Progressives Congress (APC) government.

Vice President, Yemi Osinbajo had said on Thursday, in Lagos that the Hide quoted text current five per cent VAT rate in the country was very low, and went on to add that the Federal Government would increase the taxpayer base
this year.

Reacting through his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said any increment in VAT or any other tax being paid by Nigerians at this time will further make life unbearable for the people.

?Nigerians are suffering and the little that they have, federal government is planning to take back through VAT increment, this is

?Under three months, electricity tariff was increased despite epileptic power supply, N50 stamp duty was imposed on bank customers for money received into their accounts via electronic transfer, cash and cheques; petrol is being sold for as high as N400 per litre and now they are talking about increasing VAT to 10 per cent, this is the height of insensitivity to the plight of Nigerians,? he said.

The governor, who lamented the increase in the cost of living of Nigerians, occasioned by the bad economic policies of the Federal Government, said ?even recent figures from the National Bureau of Statistics (NBS) revealed that prices of food have hit a record high and inflation is worsening.

?How can government be considering 100 per cent increment in VAT when
businesses are folding up, prices of essential commodities have
skyrocketed, millions of Nigerians are losing their jobs and those who
are still employed are no longer getting paid regularly?

?For even contemplating the increment of VAT at this difficult time
shows that the Buhari-led government does not care about the welfare
of the citizens and only God will save the poor masses from the hands
of this government.?

Governor Fayose said rather than imposing more hardships on Nigerians,
President Buhari should seek help from experts on how best to revive
the country?s economy, adding that; ?As at today, the Buhari-led government is yet to show that it has any clue to the revival of the economy.?

You are not allowed to view links. Register or Login


INEC Card Reader is a fraud, it will mar polls ? Fayose reject INEC card reader

Started by internet police

Replies: 0
Views: 179
Last post March 09, 2015, 10:35:01 AM
by internet police
Nigerians fault Buhari?s appointments, fear 'Ethnic Favoritism, Northern Agenda

Started by mastercode

Replies: 0
Views: 206
Last post July 04, 2015, 02:37:09 PM
by mastercode
Ugandans emulate Nigerians, embrace social media Platform to support Election

Started by mastercode

Replies: 0
Views: 94
Last post February 18, 2016, 12:51:37 AM
by mastercode
NNPC Director urges Nigerians to embrace agric to exit economy recession

Started by Ereporter

Replies: 0
Views: 22
Last post October 24, 2016, 07:58:18 PM
by Ereporter
Emir of Kano, Sanusi, urges Nigerians to defend selves against Boko Haram

Started by jchima14

Replies: 0
Views: 116
Last post November 17, 2014, 08:37:26 AM
by jchima14