Bola Tinubu, a national leader of the ruling All Progressives Congress (APC), has advised the federal government not to increase value added tax (VAT).
Speaking at the colloquium held in commemoration of his 67th birthday, the APC leader counselled the government to widen the tax net.
He said increasing VAT was tantamount to reducing the purchasing power of the people.
“I must say this to Prof Osinbajo and his team, don’t increase VAT but increase tax net to accommodate those who are not yet paying,” he said.
“Don’t reduce the people’s purchasing power.”
Speaking further, Tinubu said: “We must criticise ourselves.”
More to follow…
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