Thursday, April 21

FG's reversal on VAT increment vindicates Fayose - SA

Special assistant to the Ekiti state governor on public communications and new media, Lere Olayinka has described the federal government’s decision to drop its plan to increase Value Added Tax (VAT) as another vindication of Governor Ayodele Fayose’s stance that President Mohammadu Buhari led government was not coordinated.

Olayinka said it is now evident that for Nigeria to be saved from this Buhari’s government policy contradictions, more Nigerians must join Governor Fayose to speak out so as to keep the government on its toes.

Olayinka also challenged the federal government to release to the public evidence(s) of any refund on federal roads constructed/rehabilitated by the Ekiti State government, adding that;

 “Since Fayose assumed office, no kobo was paid to Ekiti State government by the Federal Ministry of Works and since the All Progressives Congress (APC) is in power in Abuja, the party should rather stop advertising its idiocy in Ekiti and provide documentary evidence on all payments made to the Ekiti State Government by the federal government since the State was created.”

Vice President Yemi Osinbajo had said on Thursday, April 7 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.

In his reaction, Governor Fayose had said any increment in Value Added Tax (VAT) or any other tax being paid by Nigerians at this time will further make life unbearable for the people, adding that; “Nigerians are suffering and the little that they have, federal government is planning to take back through VAT increment, this is wickedness!”

Apparently rescinding the federal government’s decision to increase the VAT to 10 per cent as said by the Vice President Yemi Osinbajo, Minister of Finance Mrs Kemi Adeosun said in Washington, DC, United States of America that raising VAT was punishment for those that pay and that instead of increasing VAT to 10 per cent; the federal government will increase payment compliance.

In a statement issued in Ado Ekiti on Wednesday, Olayinka said;

“If the Vice President who heads the federal government Economic Team said on April 7 that VAT was going to be increased and the Minister of Finance said on April 18 that VAT won’t be increased, isn’t this a sign that this government is disjointed?”

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