Saturday, May 8, 2021

Tinubu warns Buhari against increasing VAT rate


Rayyan Alhassan
Rayyan Alhassan
Rayyan Alhassan is a 30-year-old 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.

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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.

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“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.

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

 “We must criticise ourselves,” he added.

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