The opposition Peoples Democratic Party, PDP, has called on President Muhammadu Buhari to reconsider the idea of increasing Value Added Tax, VAT, from 5% to 7.2%, because it will worsen the decrepit economic of Nigerians and put family under undue pressure.

The National Publicity Secretary of PDP, Mr. Kola Ologbondiyan who spoke on behalf of the party expressed sadness over the move and called on the National Assembly to ensure that such policy does not see the light of the day.

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Buhari and Atiku

“President Buhari ought to be aware that an increase in VAT will worsen our decrepit economy and put more pressure on families and business as it will result in increase in costs of goods and services that have direct bearing on the welfare of the people.

“Indeed, only an administration that does not have the mandate of the people can seek to adopt such oppressive stance against its citizens.

“Our party charges the Buhari Presidency not to further punish Nigerians by imposing harsh tax regime to make up for its crass incompetence and lack of capacity to effectively harness and manage our resources to create wealth for the benefit of the people” PDP stated.

“It is more painful that the Buhari Presidency cannot give account of the huge resources at its disposal, including the taxes it has been collecting in the last four years, most of which are frittered to service the wasteful lifestyle of the cabal at the Presidency and APC chieftains.

“Instead of foisting more tax burden on Nigerians, the PDP charges President Buhari to account for and recover the over N14 trillion oil money established to have been stolen under his watch in the last four years,” the PDP claimed.

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By Mosvin Communications

Nation's Pride Newspaper is a production of Mosvin Communications located in Abuja, the Federal Capital Territory of Nigeria.

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