COVID-19: FG urged to reduce VAT on agricultural equipment vanguardnews
AS the novel Coronavirus is taking its toll on the economy, the Nigerian government has been advised on the need to, as a matter of preventing the looming food crisis in the country, reduce the Value Added Tax on agricultural equipment imported to the country.
He equally, warned that the global Coronavirus pandemic may trigger a “looming food crisis,” if urgent and drastic measures are not taken by the respective stakeholders. His words: “What we don’t know is this, the food we are eating in 2020 is the food we harvested in 2019. 2021 hunger is looming. The only grace I’m seeing is that the rain is not at its peak. We may be fortunate to have the rain extended to early next year. So, maybe we can still key into that. That is even if the rain will be plenty.”
“A lot of farmers have jettisoned farming. Some people farmed, harvested but lost all their harvests. Where do they get to start again? Except government intervenes for those kinds of people. Some people have eaten their capital which they are supposed to buy seeds to farm. You cannot be hungry and be attending to any other case. So, they have eaten the capital and those guys may either scale down on production or out of business.
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