The National Leader of the All Progressive Congress, APC, Senator Bola Ahmed Tinubu has charged the federal government to widen the tax net instead of increasing the rate.
The federal government had mooted the idea of increasing the Value Added Tax.
Speaking against the backdrop of the plan at the 11th Bola Tinubu Colloquium on Thursday in Abuja, the former Lagos governor in his lecture condemned it claiming it is a disservice to the economy that would further impoverish the Nigerian masses.
“I will appeal to Prof. Yemi Osinbajo and his team to put a question mark on any increase of VAT, please. It will reduce the purchasing power of the people which can further slow down the economy. Let us widen the tax net. Those who are not paying now, even if it is inclusive of Bola Tinubu, let the (tax) net get bigger and will take in more taxes, and that is what we must do in the country instead of additional taxes for now,” he said.