Governor Ayodele Fayose of Ekiti State, on Sunday, accused the President Muhammadu Buhari-led Federal Government of 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 All Progressives Congress (APC) government.
Vice President Yemi Osinbajo had said on Thursday, in Lagos that the current five per cent VAT rate in the country was very low, and went on to add that the Federal Government would increase the taxpayers’ 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.
He said: “Nigerians are suffering and the little that they have, federal government is planning to take back through VAT increment, this is wickedness! 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.” Click to signup for FREE news updates, latest information and hottest gists everyday
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PMB( private mail box) is not a good leader at all though I was 8 yes old in 1984 I was reliably told that Nigerians passed through the same hardship under him until he was removed and Nigerians were liberated. People's governor continue to tell them(Buhari, Tinubu, Atiku, Emir Sanusi, Amechi) that Nigeria does not belong to them only; their time will end soon unless they change their ways. God deliver us form the APC saints
ReplyDeleteRide on the peoples' governor. I see you as the current senior advocate for the masses. I do not believe this current APC government have good plans for the citizenry. They only say things we're not seeing happening.
ReplyDeleteHow was he proven wrong? You are a first class zombie. Buhari is going to China for loans.
DeleteOnly GOD will deliver all of you guys and Fayose. He said PMB was going to China for loans,he was proven wrong. Now na vat.oloriburuku
ReplyDeleteFayose is on point,PMB is going to China for loan and vat increment is part of d govt agenda to make more rev,they impose #50 stamp duty and #1/1000 maintenance fee also to people,PMB and APC could not deliver did nation rather ground her to a halt and blame powerful and respected president Jonathan for their in efficiency.
ReplyDeleteApc is a useless party. Very bad loser. Look at the FCT elections anyplace the party seem to be losing there is violence.The party is made up of clueless ignorant selfish and incompetent people
ReplyDelete