NLC rejects six percent tenancy, lease duty agreement

The Nigeria Labour Congress (NLC) has urged the Federal Government to reverse the six percent tenancy and lease stamp duty agreement..

The Nigeria Labour Congress has urged the Federal Government to reverse the six percent tenancy and lease stamp duty agreement in the country.Wabba said that the Congress noted with dismay the new policy by the Federal Government through the Federal Inland Revenue Service stipulating a six per cent stamp duty fee for every tenancy and lease agreement in Nigeria.

“It is also alarming that we are having hike in taxes and user access fees when other countries are offering palliatives to their citizens. “It would be illogical, insensitive and inhuman to churn out laws that make our poor go to bed at night with tears in their eyes,” he said. “We understand that the government needs money to run the business of governance especially at this time of economic challenges all over the world.

Wabba said that it does not make sense to ask Nigerians to make sacrifices when they are daily regaled of putrid stories of how public officials are accused of swallowing money in billions and making a comic of ‘fainting’ afterwards.

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