VeeNaija.com

Gov. Fayose Accuses President Buhari Of Using This Recession to Punish Nigerians

Share with Friends

Governor Ayo Fayose of Ekiti state has accused President Muhammadu Buhari of using the recession in country to punish citizens.

Fayose made the claim while reacting to the federal government’s decision to effect increment in Pay As You Earn (PAYE) tax, pension and National Housing Fund (NHF) deductions.

In a statement issued on Sunday by his Special Assistant on Public Communications and New Media, Lere Olayinka, Fayose said; “If government does not have capacity to increase workers salary at this trying period, it should not also increase taxes that will cause decrement in what workers earn.”

“Buhari’s government increased petrol price from N87 to N145 per litre, kerosene; diesel and gas price was increased, electricity tariff was increased, N50 stamp duty was imposed on bank customers, N65 levy was imposed on every withdrawal on ATM, various bank charges introduced, custom duties increased and now workers’ PAYE tax has been increased.

“I sympathise with the federal government workers who only got to know about reduction of their salaries when they got credit alert last month, but they should remember that I warned them.

“Workers are already facing hardships owing to the economic recession, which has caused exchange rate to rise to as much as N480 to $1. The implication of this is that the purchasing power of a worker that is earning say N100,000 per month has reduced to less than N50,000 per month, meaning what such a worker bought at N10,000 this time last year is now should at N25,000.

“I therefore call on the federal government to reverse this decision so as to reduce the level at which the workers are suffering.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Open