PDP denounces Buhari’s VAT increase, calls on NASS to reject it, protect Nigerians

By Bature Dan-Inni
The Peoples Democratic Party (PDP) condemns and totally rejects the decision by President and his officials 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 said the decision is anti-people, suppressive and further confirm the Buhari presidency as extremely exploitative, inconsiderate and absolutely insensitive to the sufferings which it has plunged Nigerians into in the last four years.
In a statement by the PDP’s National Publicity Secretary, Kola Ologbondiyan, the party insist the VAT on an already impoverished citizens is in bad faith and cannot be justified under any guise.
It said, “Indeed, only an administration that does not have the mandate of its 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 family and business at it will result in increase in cost of goods and services that have direct bearing on the welfare of the people.
“Our party charges Buhari presidency not to further punish Nigerians by imposing harsh tax regime to make up for it crass incompetence and lack of capacity to effectively harness and manage our resources to create wealth for the benefit of the people.
“I is even more painful that the Buhari presidency cannot give an account of the huge resources at its disposal, including the taxes it has been collecting in the last four years, most of which are frittered to service the wasteful lifestyle of the cabal at the presidency and APC leaders.
“Instead of foisting more tax burden o Nigerians, the PDP charges president Buhari to account and recover the over 14 trillion naira oil money established to have been stolen under his watch in the last four years.
“I t is dishertening that at the time when Nigerians ought to be enjoying economic recovery and empowerment blueprint set out by Atiku Abubakar which include slash in taxes and levies, they are rather faced with unjustifiable and indefensible tax increase.
“The PDP therefore urges the National Assembly to protect Nigerians and save our nation from collapse by rejecting this injurious decision by the Buhari presidency,” it concluded.
Below is the statement: