Monday, August 8, 2022

Tinubu warns Buhari against increasing VAT rate

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Rayyan Alhassan
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or, or @Rayyan88 on Twitter.
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The National Leader of the ruling All Progressives Congress, APC, Bola Tinubu, has advised the President Muhammadu Buhari-led government not to increase the Value Added Tax, VAT.

Mr Tinubu stated this while speaking at his 67th birthday colloquium held on Wednesday in Abuja.

He said increasing VAT was tantamount to reducing the purchasing power of the people.

READ ALSO: Tinubu supporting Buhari blindly because of his 2023 presidential ambition – Saraki

“I must say this to Prof Osinbajo and his team, don’t increase VAT but increase tax net to accommodate those who are not yet paying.

“Don’t reduce the people’s purchasing power,” Mr Tinubu said.

READ ALSO:   Buhari, 87 other Presidents to address UN General Assembly Sept. 25

 “We must criticise ourselves,” he added.

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