Vice Presidential candidate of the Peoples Democratic Party (PDP) Peter Obi has hailed National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, on his position on the proposed increment in Value Added Tax (VAT).
Reports mentioned that Tinubu, recently advised the Federal Government against increasing VAT rate as being canvassed by the Minister of National Planning, Udoma Udo Udoma and the Executive Chairman of the Federal Inland Revenue Service, Mr. Babatunde Fowler.
In a statement by his media office, Obi described Tinubu’s advice as gratifying and making economic sense given the situation in the country also stating Tinubu’s position was clearly at variance with that of his party, saying it goes to underscore the uncoordinated campaign the APC dished out to Nigerians.
According to him, the call for an increase in VAT or other taxes in the present economic situation amounted to insensitivity on the part of the government, adding that Tinubu’s advice was in tandem with the position of the PDP, stressing that tax reduction was one of the main electioneering campaign messages of the PDP presidential campaign.
The former vice presidential candidate enjoined Tinubu to also advise the All Progressives Congress (APC) to embrace restructuring, saying it is the only option left to move the country forward.