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PDP faults Buhari’s plan for VAT hike

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Tiamiyu Saheed Oluwatosin
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calendar-icon Posted on: 2019-09-21 07:25:23
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The Peoples Democratic Party (PDP), Thursday rejected President Muhammadu Buhari’s resolve to increase the Value Added Tax (VAT) from 5% to excruciating 7.2%.

It also said Nigerian People could not bear such burden under the alleged agonizing economic situation.

Further, the opposition party condemned the decision as anti-people, suppressive and alleged that the Buhari Presidency was exploitative, inconsiderate.

PDP spokesman, Kola Ologbondiyan took these exemptions in a statement to Press.

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Part of the statement reads, “The PDP insists that the decision to increase VAT on already impoverished citizens is in bad faith and cannot be justified under any

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service the wasteful lifestyle of the cabal at the Presidency and APC chieftains.

“Instead of foisting more tax burden on Nigerian People, the PDP charges 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”.

PDP, therefore, urged the National Assembly to protect Nigerian People and save the nation from collapse by rejecting the decision to increase VAT by the Buhari Presidency.

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