Tinubu opposes Buhari administration’s plan to increase VAT

The national leader of Nigeria’s ruling party has opposed the federal government’s plan to increase the Value Added Tax (VAT).

He said an increase in VAT will reduce the purchasing power of Nigerian consumers and is capable of increasing hardship in the country.

“This is why I appeal on Mr Osinbajo (Yemi) and his team to put a huge question mark on any increase on VAT please…”, Mr Tinubu said.

The APC national leader spoke Thursday during the 11th colloquium event marking his 67th Birthday celebration at the International Conference Centre in Abuja.

The comment by the former Lagos State governor is coming barely hours after Minister of Finance, Zainab Ahmed, said the administration has concluded plans to increase revenue by introducing new taxes.

– Premium Times