Sule Criticizes Tinubu's VAT Reform, Advocates Changes

On Saturday, Nasarawa State Governor Abdullahi Sule openly criticized President Bola Tinubu's original Value Added Tax (VAT) component of the tax reform, expressing concerns that the proposed increase during a period of high inflation would negatively impact ordinary Nigerians. Sule made these remarks while receiving Bayo Onanuga, the Special Adviser to the President on Information and Strategy, at the Nasarawa State Government House in Lafia.
He explained that after voicing his objections, the President listened and revised the Tax Bill. Sule emphasized that the VAT was set to increase to 10 percent by January 1, 2025, while inflation was around 30 percent at the time of the initial proposal.
He noted that the changes made were beneficial and have increased the state's monthly federal allocation from an average of N3.8 billion to between N14 billion and N16 billion following the removal of fuel subsidies. Sule praised the President for being receptive to feedback and highlighted the importance of accountability among governors regarding infrastructure development.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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