Hardship: Tinubu must be cautioned – Atiku

Hardship: Tinubu must be cautioned – Atiku

 Former Vice President Atiku Abubakar says President Bola
Tinubu must be cautioned against any attempt to further pauperize the poor by
introducing new taxes or increasing tax rates.

 

Atiku said people were aware of the behind-the-scenes
attempts to increase VAT rate from 7.5% to 10%, re-introduce excise on
telecommunication, and increase excise rates on a range of goods.

 

According to the former presidential candidate of the
Peoples Democratic Party, PDP, “It needs to be restated that we cannot tax our
way out of this situation”.

 

In a statement issued on Wednesday, Atiku claimed Tinubu was not prepared for the reform fallouts.

 

“Tinubu must be cautioned against any attempt to further
pauperize the poor by introducing new taxes or increasing tax rates. We are
aware of the behind-the-scenes attempts to increase VAT rate from 7.5% to 10%,
re-introduce excise on telecommunication, and increase excise rates on a range
of goods

 

“Tinubu must see the need for expenditure rationalization
and restraint – by having the budget more in sync with Nigeria’s fiscal
reality, by improving efficiency in revenue utilization, improving procurement
processes and trimming the size of government – and therefore reducing the cost
of governance,” he said.

Source: Hardship: Tinubu must be cautioned – Atiku

 - NigerianEye
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