Nigerians raise concerns over IMF’s proposed telecoms, petrol taxes

The International Monetary Fund, IMF, proposal of much taxes connected telecommunication services and petroleum products for the Nigerian authorities has sparked aggravated reactions from the citizens. 

It could beryllium recalled that recently, the IMF recommended introducing taxes connected substance products and telecommunications services successful Nigeria arsenic portion of broader measures to summation authorities gross and make fiscal abstraction for improvement spending and societal interventions. 

This was contained successful its Article IV study connected Nigeria. 

DAILY POST reports that the reactions that followed were spontaneous owed to past experiences with the IMF.

Although Nigeria has dismissed reports suggesting it had adopted oregon was considering the instauration of caller taxes connected telecommunications services and petroleum products pursuing recommendations contained successful the latest IMF Article IV Consultation Report connected Nigeria, Nigerians person continued to talk against the recommendation.

The authorities successful a connection had stressed that recommendations contained successful the IMF study were not binding connected Nigeria and should not beryllium interpreted arsenic authoritative authorities policy.

It maintained that decisions connected taxation could lone beryllium made done law and legislative processes and would beryllium guided by nationalist priorities and prevailing economical realities.

“The IMF Article IV Consultation Report contains the Fu...