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National News › Fayose attacks Buhari over planned increment of VAT

 April 10th, 2016  | National News

FAYOSE ATTACKS BUHARI OVER PLANNED INCREMENT OF VAT

Accounting Services Lagos

The Ekiti State Governor, Ayodele Fayose, on Sunday criticized President Muhammadu Buhari, over the planned increase of the Value Added Tax, VAT, by five per cent.

The governor, who was reacting to comments attributed to Vice President Yemi Osinbajo in Lagos, said the move would worsen the hardship already faced by Nigerians.

He described the plan as “wicked and insensitive” to the plight of Nigerians who are suffering from the bad economic policies of Mr. Buhari and the All Progressives Congress-led government.
Mr. Fayose who spoke through his Special Assistant on Public Communications and New Media, Lere Olayinka, said any increment in VAT or any other tax being paid by Nigerians would make life unbearable for the people.

“Nigerians are suffering and the little that they have, the federal government is planning to take back through VAT increment. This is wickedness,” the governor said.

“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 liter and now they are talking about increasing VAT to 10 per cent, this is the height of insensitivity to the plight of Nigerians.”

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