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Tuesday, January 19, 2021
Home Headlines Tinubu kicks against Buhari plan to increase VAT

Tinubu kicks against Buhari plan to increase VAT

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Nigeria’s ruling All Progressives Congress national leader, Bola Tinubu, Thursday opposed the federal government’s plan to increase the Value Added Tax (VAT).

“Consumers’ spending is slipping, and this is where I will stop and appeal to Professor Yemi Osinbajo, the Vice President, and his team to put a huge question mark on any increase of VAT, please,” Tinubu said at the Bola Tinubu Colloquium in Abuja.

“If we reduce the purchasing power of the people, we can further slow down the economy,” he added.

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