See press statement from the Ekiti State Governor ...
Ekiti State Governor, Mr Ayodele Fayose has said that the Federal Government was planning to impose more hardships on Nigerians by increasing Value Added Tax (VAT) from the current five per cent to 10 per cent, describing the move as insensitive to the plight of Nigerians who are suffering from the bad economic policies of the President Mohammadu Buhari led All Progressives Congress (APC) government.
Vice President Yemi Osinbajo had said on Thursday, in Lagos that the current five per cent VAT rate in the country was very low, and went on to add that the Federal Government would increase the taxpayer base this year. Reacting through his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said any increment in VAT or any other tax being paid by Nigerians at this time will further make life unbearable for the people.