The Nigeria Employers’ Consultative Association (NECA) says any attempt by the Federal Government to increase Taxes will lead to negative impact on Households, Individuals and Businesses.

NECA’s Director-General, Adewale-Smatt Oyerinde, in a statement on Sunday said that such move would only lead to disaster for an Economy struggling to stay afloat.
Oyerinde was reacting to a recent recommendation by the International Monetary Fund (IMF) to the Government to increase Taxes in order to reduce borrowing.

The IMF in its latest Fiscal Monitor titled, “On the path to Policy Normalisation”, released recently noted that Nigeria’s Debt was projected to continue to rise and urged the Government to remove Fuel Subsidies and direct them to Health and Education

Click the link to read more: https://lekkibizchronicle.com/2023/04/17/dont-dare-neca-warns-fg-against-tax-hike/