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(APC), Asiwaju Bola Tinubu

The National Leader of the ruling All Progressives Congress (APC), Asiwaju Bola Tinubu, has warned that the President Muhammadu Buhari-led government should not increase the Value Added Tax (VAT).

Tinubu made this known while speaking at the colloquium held in commemoration of his 67th birthday on Wednesday in Abuja, where he advised that the federal government should rather increase the tax net to accommodate those who are yet to pay.

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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.

“Don’t reduce the people’s purchasing power,” Tinubu said.

Speaking further, he added: “We must criticise ourselves.”

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