Godwin Isenyo, KadunaThe Kaduna Chamber of Commerce, Industry, Mines and Agriculture says the Federal Government’s imposition of the 7.5 per cent Valued Added Tax on transactions is an unfair arrangement to the ordinary Nigerians. It said the burden of such increment would be passed onto the consumers who in most cases were the ordinary Nigerians. The Director-General of the KADCCIMA, Alhaji Usman Saulawa, spoke to The PUNCH on the sidelines of a press conference held in Kaduna on Thursday to herald the 41st Kaduna International Trade Fair scheduled to hold next month. The new VAT commenced with the signing of the Finance Act by the President, Major General Muhammadu Buhari (retd. He said, “The VAT is ill-timed because people are battling with so many issues in terms of non- availability of finance.

Source: Punch January 16, 2020 23:03 UTC