You are here: HomeNewsRumor Mill2020 02 05Article 341299

Business News of Wednesday, 5 February 2020

Source: www.mynigeria.com

Nigerians slam Buhari for harsh VAT increment, lamenting new hike in voice calls, SMS

President, Major General Muhammadu Buhari (retd) President, Major General Muhammadu Buhari (retd)

Last month, the President, Major General Muhammadu Buhari (retd.) signed the 2019 finance bill into law in Abuja.

The law looks to amend six tax provisions. Key amongst them is the increase in Value Added Tax on specific goods and services from 5 percent to 7.5 percent.

The effect of the increment on Nigerians was previously reported by MyNigeria as several individuals praised and slammed the President for the move.

Today, the scenario is different on Twitter as the 7.5% VAT increment has begun to reflect on phone calls and text messages. Calls now get extra charges and text messages now reflect N4.10 per text as opposed to the initial N4 proposed by the Nigerian Communication Commission.

Several responses on Twitter were recorded below:

@Demo__UK said, "Thank you govt. I’m also ready to add 7.5% VAT charges for all my sugarmummies before they off my paynt. ???? Benz loading.."



@UncleMohamz lamented his plight thus:

"One of the good and bad sides of being a Nigerian is that, we ADAPT to every situation. We just keep managing. Now we protest against the 7.5% VAT, tomorrow we move on. We protest about the ban on okada, but we move on. We keep moving on."



@awatrend said, "Me; escaping 7.5% VAT payment from my network, by calling everyone on my Contact List with WhatsApp Call



The ones that never expected it



Mayowa Olaniyan saw nothing wrong with it.

"If VAT in a smaller country like Ghana could go for as high as 12.5%, I see no reason why Nigerians will fume over 7.5% VAT. I learnt how Nigeria My Country was when I bought a 33cl bottle of Coke for 2Cedis ( equivalent #200 or more)," he said.



Trolls







More knocks for Mr President



Punishment to Punishment