CNPP Urges Tinubu: Pause VAT Hike Until Economy Recovers

• CNPP advises President Tinubu to halt proposed VAT hike until economy recovers
• National Assembly considering increasing VAT from 7.5% to 10% next year
• CNPP urges reversal of rise in petrol prices and cooking gas prices
• Group demands immediate steps to stabilize petrol and cooking gas prices
• Rising prices of goods and services exacerbating financial burden on Nigerians
• SMEs struggling to manage operational costs due to increased fuel prices
• Government urged to prioritize welfare of Nigerians and take steps to alleviate suffering
• CNPP calls for recovery of stolen funds from previous administration

Source: businesspost.ng

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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