However, the President told the governors to raise the taxes in such a way that there would be no disruptions to business operations. They advised the government to strike a balance between its desire to raise IGR and VAT with job creation. Rather than contemplating VAT and tax increases across the board, the Federal Government should increase the tax of the rich and politicians. According to Buhari, the resolutions “are either implemented already or at different stages of implementation across the country. ATCON president said, “It is important that the governors recognise that IGR shouldn’t be just based on taxing investments upfront.

Source: Punch June 20, 2019 23:48 UTC