The main opposition Peoples Democratic Party (PDP) has rejected the increment of Value Added Tax (VAT) by the President Muhammadu Buhari led federal government, Igbere TV reports.

Igbere TV had reported that President Buhari, in the last FEC meeting held on Wednesday, approved a two per cent increase in VAT to move it from the current five to seven per cent.

The Minister of Finance, Zainab Ahmed, who made the disclosure, however, said the implementation will not take effect until the approval by the National Assembly.

But reacting, the PDP in a statement obtained by Igbere TV on Sunday, said Nigerians cannot bear such burden given the current prevailing economic situation.

The party described the increment as anti-people, suppressive and a confirmation that the Presidency “is extremely exploitative, inconsiderate and absolutely insensitive to the sufferings which it has plunged Nigerians into in the last four years.”

Full Statement,

“The PDP insists that the decision to increase VAT on already impoverished citizens is in bad faith and cannot be justified under any guise. Indeed, only an administration that does not have the mandate of the people can seek to adopt such oppressive stance against its citizens.

“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.

“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.

“It is even 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.

“It is disheartening that at the time Nigerians ought to be enjoying the economic recovery and empowerment blueprint set out by Atiku Abubakar, which included slash in taxes and levies, they are rather faced with an unjustifiable and indefensible tax increase.

“The PDP therefore urges the National Assembly to protect Nigerians and save our nation from collapse by rejecting this injurious decision by the Buhari Presidency.”

http://igberetvnews.com/980219/vat-pdp-rejects-increment-tells-nass-what-to-do/

Lalasticlala, Mynd44, OAM4J

True talk...

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