Senators Okorocha, Ndume get backing on scrapping of Federal House of Reps, bill to replace VAT

By Mod   6 days ago   204
Politics - Top Stories

Senators-Okorocha--Ndume-get-backing-on-scrapping-of-Federal-House-of-Reps--bill-to-replace-VAT56835225098778994.jpg

Conference of Nigeria Political Parties (CNPP) has reacted to the bill to enact a law to impose a communication service tax meant to replace the Federal Government’s proposed 2.5 percentage increase in the Value Added Tax (VAT), describing it as less burdensome on the masses.

The CNPP also threw its weight behind a suggestion by former governor of Imo State, Owelle Rochas Okorocha that Nigeria should adopt a reduced Parliamentary representation from each state of the federation as part of efforts to decrease government’s running costs.

According to the umbrella body of all registered political parties and political associations in the country, in a statement issued to DAILY POST on Tuesday by its Secretary-General, Chief Willy Ezugwu, the bill tagged “Communication Service Tax Bill, 2019” being sponsored by former Senate Leader, Senator Ali Ndume is a lesser evil compared to the impact of a 2.5 percent increase in VAT, which will raise payable VAT to 7.5 percent.

“For us, the Bill proposing a levy on electronic communication services like Voice Calls, SMS, MMS, Data usage and Pay per View TV Stations is a lesser evil. The impact on the ordinary citizens will be less burdensome than the proposed 7.5 percent VAT the federal government wants to slam on the already impoverished masses of Nigeria.

“We totally agree with Senator Ndume that the bill would rather enhance distribution of wealth where ordinary Nigerians would benefit than impoverish the masses the more as VAT increment will not only affect the economy negatively but will further reduce the purchasing power of the poorest of Nigerians”, the CNPP observed.

Reacting to the proposed reduction of the numbers of legislative representatives from states at the National Assembly, the CNPP noted that, “Senator Okorocha was telling nothing but the truth when he canvassed that one Senator is enough to represent a state at the legislative chamber.

“Like Senator Okorocha, said what is too sacrosanct that Senators and House of Representatives members were doing that only a senator per state could not do?

“We, therefore, urge Senator Okorocha to urgently sponsor a Bill for the amendment of relevant sections of the constitution in line with his thoughts to conserve funds for capital projects to the benefit of poor Nigerians”, the CNPP counselled.

[NewsNaira]


Okorocha Ndume



Share this article!



Login to comment and earn


Attah Jacob
6 days ago

Want to replace VAT


(Quote) (Likes: 1)

I don't know what's going on but I don't want this bill to miss again please.


(Quote) (Likes: 1)

That's a good one tho is about vat


(Quote) (Likes)

Bills everywhere, when all of yu are gaining alot in dis country


(Quote) (Likes)

Thats a good one


(Quote) (Likes)
David Ajibola
6 days ago

They're probably confused 


(Quote) (Likes)
Ibrahim Aliyu
6 days ago

Yes that is good one


(Quote) (Likes)

This is good


(Quote) (Likes: 1)

This people is confuse o 😮


(Quote) (Likes)

Governor of imo state m.


(Quote) (Likes)

Why is that so


(Quote) (Likes)
Henry
6 days ago

Are we sure it's gonna work


(Quote) (Likes)
Dauda Ibrahim
6 days ago

To replace VAT


(Quote) (Likes)

Make then reduce vat


(Quote) (Likes)
Maryam Yakubu
6 days ago

I don't want this to be missing 


(Quote) (Likes)

Bill is going here and their hmmmmmmmmmmm


(Quote) (Likes)
Jonah Sunday
6 days ago
Senator okoracha ,ndumeget backing
(Quote) (Likes)
Olumide Pius
6 days ago

Want to replace VAT


(Quote) (Likes)


 

vat
(Quote) (Likes)
Joshua Ayanfe
6 days ago

Senator okorocha


(Quote) (Likes)


What is News₦aira Income Program(News₦IP)

  • News₦aira Income Program (News₦IP) is a system aimed at raising revenue for registered users that browse the NewsNaira Website. An online program driven by a goal of solving the financial problems among the youths, students, middle class and whoever wishes to take advantage of earning opportunity and making money online legitimately in Nigeria as it creates the channel for participants to earn residual income on weekly basis.
more

How News₦IP Works

  • News₦aira has 2 means of generating income for our members.
    News₦AP: NewsNaira Affiliate Program - With News₦AP, participants earns ₦1,000 whenever they refer anyone to join NewsNaira Income Program. There is no limit to how many people you can refer.

    News₦ARS: NewsNaira Ad Revenue Sharing - With News₦ARS, participants earns residual income bonus by reading news, commentting on articles, publishing forum posts, daily login to their NewsNaira account, and even sharing assigned sponsored post on social media.

    We share our ads revenue with you weekly when you make NewsNaira community your news and information household.
more