The Taxpayer’s Association of Nigeria has distant itself from the Buhari-led administration’s plan to increase the Value added tax from 5% to 7.5%.
The National President of the Association, Comrade Obinna Okafor made the association’s stand clear while appearing on the breakfast flash ship programme of Africa Independent television, AIT’s Kakaaki saying despite the fact that Nigeria is one of the lowest taxed countries of the world, the government should channel the 5% appropriately and it will foster development and boost the economy.
He continued by saying that even if the VAT is increased to 100% and not properly used, the economy will remain stagnant as it is, urging the administration to be different in its dealings and have the interest of the taxpayers at heart which will create a lasting legacy after the expiration of the administration.
