The National Chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has cried out that President Muhammadu Buhari and the ruling All Progressives Congress, APC, are overburdening Nigerians with taxes and tariffs and cares less about relieving the plight of the country’s suffering poor population.
Prince Secondus lamented that while other world leaders were raising stimulus inform of palliatives to cushion the biting effects of COVID-19 to their citizens, President Buhari was busy heaping more burden on the populace with his endless taxes and tariffs.
“I find it laughable and contradictory that a regime that multiples the peoples taxes and hikes prices indiscriminately at this pandemic period is talking of lifting some Nigerians out of poverty with such draconian and insensitive policies that earned the country the ignoble title of capital of the world poor under the watch of President Buhari,” Secondus was quoted as saying in a statement issued by his media adviser, Ike Abonyi.
Prince Secondus listed some of the taxes of this government on the Nigerian people that have increased their hardship to include, fuel hike, Electricity tarrif, bank charges and increased Value Added Tax, VAT among others.
“In September 2019 this government hiked VAT rate payable in Nigeria from 5 to 7.5%; after January 2016 introduction of N50 stamp duty by the Central Bank of Nigeria, CBN; again in September 2019 it imposed charges on cash deposits and withdrawals above N500,000 for individuals and N3m for corporate accounts.
“After February 2016 45 percent increase in electricity tariffs with a claim that it will result in a better power supply services, the regime has just announced another upward review of Electricity tariffs from July 1st, 2020 with power supply getting worse than ever.”