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Tinubu kicks against Buhari

Uploaded By trendstriber

2019-03-28 22:03:49

Category: Politics

Location: West Africa, Nigeria

Contact.No: source:guardian.ng

Read: Tinubu kicks against Buhari administration’s plan to increase VAT Nigeria’s ruling All Progressives Congress national leader, Bola Tinubu, Thursday opposed the federal government’s plan to increase the Value Added Tax (VAT). “Consumers’ spending is slipping, and this is where I will stop and appeal to Professor Yemi Osinbajo, the Vice President, and his team to put a huge question mark on any increase of VAT, please,” Tinubu said at the Bola Tinubu Colloquium in Abuja. “If we reduce the purchasing power of the people, we can further slow down the economy,” he added. Tinubu’s cautionary statement is coming barely hours after Minister of Finance, Zainab Ahmed, said the Nigerian government has concluded plans to increase revenue by introducing new taxes. Officials of the Federal Ministry of Finance defended the Medium-Term Expenditure Framework (MTEF) that VAT be increased by 50 per cent during a presentation in the Senate on Wednesday. Apart from Tinubu, stakeholders in the business




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