For many Nigerians, the first 22 days of President Bola Ahmed Tinubu's administration have been 'bitter-sweet.' His quick-fire decisions, hailed by many
For many Nigerians, the first 22 days of President Bola Ahmed Tinubu’s administration have been ‘bitter-sweet.’
The development comes as Nigerians grapple with the harsh economic realities brought about by the removal of fuel subsidy. Daniel Regha bluntly averred that the current government’s policies were not favourable to the masses. In an exclusive interview with DAILY POST on Monday, Taiwo Oyedele, Fiscal Policy Partner and Africa Tax Leader at PricewaterhouseCoopers explained the nitty gritty of the 7.5% VAT introduced by the past administration of President Muhammadu Buhari.
“Given the upward pressure on inflation due to the PMS subsidy removal, the government needs to consider suspending the VAT on diesel to avoid further fueling inflation and compounding the burden on individuals and businesses, especially manufacturers who rely on diesel to power their factories,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigerians groan over effects of 7.5% VAT on petrol pricesNigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax on the price of premium motor spirit, otherwise known as petrol.
Read more »
Foreign Exchange unification, electricity act solves 45 per cent problems - EnemuoAn expert in the production sector and a manufacturer, Mr Christopher Enemuo has said the unified exchange rate and independent power generation policy
Read more »
Newspaper Headlines: Households under pressure as new electricity tariff due July 1 | TheCableReports on the removal of saving and withdrawal limits on domiciliary accounts dominated the cover pages of Nigerian newspapers.
Read more »
Subsidy removal: Bauchi gov urges Nigerians to be patientHe assured that the committee set up by the National Economic Council will make appropriate recommendations that will be beneficial to all.
Read more »
Many Nigerians still stranded in Sudan, suffering – Alwadi Nyala footballer - Punch NewspapersA Nigerian professional footballer based in Sudan, Henry Akwari, speaks to FATTEH HAMID about Nigerians who missed evacuation
Read more »
Subsidy Removal: Introduce measures to ameliorate hardship - Nigerians in UK urge TinubuNigerian Professionals living in the United Kingdom, UK, under the aegis of 'Association of Nigerian Professionals in United Kingdom' have urged president
Read more »