VAT Increment: Jagaban Has Spoken His Truth And They Are Quiet – Sani Shades FG

 

Senator Shehu Sani Sani on Friday took a mild jab at the Federal Government over the recent report of a move to increase the Value Added Tax (VAT).

The lawmaker representing Kaduna Central seconded a call by Asiwaju Bola Ahmed Tinubu in which the APC chieftain urged the FG to halt every move to increase VAT in Nigeria.

Addressing a gathering at the Bola Tinubu Colloquium on Thursday in Abuja, the national leader of the APC advised the Nigerian Government against the move and warned that such a decision was capable of worsening the nation’s economic challenges.

“Consumers’ spending is slipping, and this is where I will stop and appeal to Professor Yemi Osinbajo, the Vice President, and his team to put a huge question mark on any increase of VAT, please,” the former governor pleaded.

He added, “If we reduce the purchasing power of the people, we can further slow down the economy.”

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Following Tinubu’s call, Senator Sani took to Twitter taking a swipe at the government saying, “Jagaban has spoken his truth and they are quiet, but if it’s another person they would have a counter or ask why are you embarrassing the President publicly ‘when you have private channels of advising him”.

Still speaking about truth, the lawmaker noted that truth must be told to power, arguing that it is only those who do these that get a place in the annals of history.

“History has no record of those who whisper the truth to power,but only of those who told the truth to power,” Sani said.

Meanwhile, the Manufacturers Association of Nigeria (MAN) has asked the Federal Government to tread with caution in the drive for improved revenue.

The Director-General of MAN, Mr. Segun Ajayi-Kadir, said this in a statement on Wednesday while reacting to the plan by the government to increase the Value Added Tax (VAT).

Officials of the Federal Ministry of Finance had defended the Medium-Term Expenditure Framework (MTEF) that VAT be increased by 50 per cent during a presentation in the Senate.

Ajayi-Kadir, however, said such policy was not ‘manufacturing friendly’, adding that implementing it would have a negative effect as a result of the planned increase in minimum wage.

“As plausible as the recommendation to increase VAT may look, implementing it at this time would boomerang because the timing is inappropriate, especially at a time when the minimum wage of N30,000 was just agreed upon,” he stated.

The MAN DG added, “This could send a wrong signal that the government is not sensitive to the plight of the low- and middle-income earners, who are clearly in the majority. The Nigerian economy will be in a more vulnerable state if VAT is increased.

“No controversy, the burden of the tax would be shifted to the Nigerian consumers that are already struggling, the economy would certainly experience demand crunch, inventory of unsold items would soar, pthe rofitability of manufacturing concerns would be negatively impacted, many factories will witness serious downturn or wind down operations.”

Ajayi-Kadiri, therefore, advised the government to widen the tax net rather than increase the rate in order to meet the growing need for more revenue to address the development objective of the country.

He also appealed to the government not to increase the VAT at this time but consider the implementation of the afore-mentioned tax specific recommendations.

Tinubu Redefined Governance By Establishing A Cabinet On Merit – Osinbajo

 

Vice President Yemi Osinbajo has hailed former governor of Lagos State, Asiwaju Bola Ahmed Tinubu on the occasion of his 67th birthday. 

In felicitating with the National Leader of the All Progressives Congress, Osinbajo lauded Tinubu’s role as regards the polity of Nigeria.

According to a Tweet from his official handle, the Vice President described Tinubu as a visionary who redefined governance by establishing a cabinet on merit and competence irrespective of ethnicity and religion.

The tweet read, “Happy Birthday to an icon.

You are a visionary who redefined governance by establishing a cabinet on merit and competence irrespective of ethnicity and religion.

Happy Birthday Asiwaju Bola Ahmed Tinubu!”

READ ALSO: VAT Increase Can Further Slow Down The Economy, Tinubu Tells FG

 

In a similar vein, President Muhammadu Buhari has sent warm felicitations to Chief Bola Ahmed Tinubu, describing him as one of the strong pillars of Nigeria’s democracy.

President Buhari joined the APC family in celebrating the Asiwaju of Lagos, who is also the Jagaban of Borgu Kingdom in Niger State, for his “selflessness in serving his country, and making life better for many”.

MAMA’s Final Nominees: Wizkid leads With 3 Nods

Tiwa savage, MAMA's, nominees list, 2016The race for prizes at the 2016 edition of the MTV Africa Music Awards (MAMA), intensifies as the award organisers reveal the last group of nominees for this year’s prize.

Nigerian artists such as Tiwa Savage, Yemi Alade, Olamide, Patoranking, Wizkid and many others have received new nominations in the coveted categories which included artist of the year, best female, listener’s choice, best breakthrough and song of the year. MAMA's, 2016, nominees,

The nominees were selected from a pool of thousands of contemporary mainstream artistes across Africa.

MAMA'sd 2016, nominees, simi, falz
Falz-Simi

In terms of nominations, Wizkid leads the pack of nominees from Nigeria. He was nominated in the artist of the year category, best male artist and in the personality of the year category.

X3M music artiste, Simi whose music continues to garner attention earns a nomination in the breakthrough category alongside compatriots, Tekno and Falz the bahd guy.

For the young singer, who actually has been craving the spotlight for almost a decade, with a handful of lukewarm songs over the years, getting a MAMA nomination is another milestone in her career.

She sits on the podium with another Mama fresher, hip-hop act Y-cee who got catapulted into the elites’ group after his 2015 hit, ‘Jagaban’.olamide

He earned a nomination in best hip hop category which pitches him alongside music heavyweights including YBNL Boss, Olamide whom he featured in his breakthrough track.

In 2015, Nigerian dance-hall and reggae music act Patoranking picked up the best newcomer prize and in just about a year, he is now being nominated for the best male category contending alongside Wizkid and South-African rapper A.K.A.

The 2016 MTV Africa Music Awards is scheduled to hold in Johannesburg, South-Africa later in 2016.