Coronavirus: Tinubu calls on Federal Government to suspend VAT

The National leader of the All progressives congress, Asiwaju Bola Hammed Tinubu has called on the Federal Government to suspend the value added tax at this time when the coronavirus pandemic still thrives.

He said this in a statement as he called on the suspension of VAT for at least the next 2-4 months so as to lower import cost and help against shortage.

“Government should announce a tax credit or partial tax reduction for companies or firms. VAT should be suspended for the next two to four months. This will help lower import costs and protect against shortages, he said.

“We need to protect people from food shortages and high prices. As such, we must quickly improve farm-to-market delivery of agricultural produce. Also, the government should initiate a crash program to decrease spoilage of agricultural produce by construction of storage facilities in local marketplaces in and around major cities and towns throughout the country.”