The Peoples Democratic Party (PDP) has condemned and totally rejected the decision by the Federal Government to increase the Value Added Tax (VAT) from 5% to excruciating 7.2%, saying Nigerians cannot bear such burden under the prevailing agonizing economic situation. The party says the decision is anti-people, suppressive and further confirmed the Buhari Presidency as extremely exploitative, inconsiderate and absolutely insensitive to the sufferings which it has plunged Nigerians into in the last four years.
The PDP insists that the decision to increase VAT on already impoverished citizens is in bad faith and cannot be justified under any guise. “Indeed, only an administration that does not have the mandate of the people can seek to adopt such oppressive stance against its citizens. “President Buhari ought to be aware that an increase in VAT will worsen our decrepit economy and put more pressure on families and business as it will result in increase in costs of goods and services that have direct bearing on the welfare of the people.
“Our party charges the Buhari Presidency not to further punish Nigerians by imposing harsh tax regime to make up for its crass incompetence and lack of capacity to effectively harness and manage our resources to create wealth for the benefit of the people” PDP stated.
The party in a statement by its spokesman, Mr Kola Ologbondiyan said the decision to increase VAT is more painful because the government cannot account for much of the resources under its disposal.