Nigerians Blame Hike in Gas Price on VAT WAR

Idongesit Akpa-AyangSeptember 20, 2021Last Updated: September 20, 2021

1 minute read

Nigerians Blame Hike in Gas Price on VAT WAR

Peoples Gazette reports that Nigerians have blamed the hike in gas price on the ongoing Value Added Tax (VAT) war between the Federal Government and States Government. Information Guide Nigeria

Speaking, the Manager of Libgon Gas Plant in Jos, Isaac Martin, attributed the ongoing tussle on who owns the right to collect VAT as the cause of the hike in gas prices.

Mr. Martin said, “Remember gas is refined and imported, and the high import duty and exchange rate have triggered the price of the product”.

As reported by Peoples Gazette, residents of Plateau state have lamented that the price increase has inflicted hardship on them. Jamb Result

Philomena John, a teacher in Plateau lamented that prices keep rising daily and as such, compelled them to use alternatives like firewood and charcoal.

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Also speaking, a baker named Stephen Nyam said the price hike coupled with an increase in the prices of bread, confectioneries, pastries, baking products have affected his business negatively.

Nyam emphasized, “If the government is serious about job creation, it must consider a downward review of prices of some key commodities because it has a great ripple effect on the citizens and even on the economy in general”.

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Nigerians Blame Hike in Gas Price on VAT WAR

Nigerians Blame Hike in Gas Price on VAT WAR