Ikeja : Anglican bishop advises fg against increasing vat (Ikeja) NGN 10


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The Bishop of Ife Diocese, Anglican Communion, Ile-Ife, Osun State, Rt. Rev. Olubunmi Akinlade, has urged the Federal Government to drop the idea of increasing the rate of Value Added Tax by 50 per cent. The bishop said increasing the VAT from its current five per cent to 7.5 per cent would have multiplier economic effects on goods, services and livelihood. Akinlade, in a statement on Friday, observed that implementing the increase would not be ideal in the light of the current economic […]
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April 26, 2019 3:01 am