Human Rights Lawyer, Femi Falana, has called on the Federal Government to propose a Money Bill to the National Assembly before the implementation of the increase in Value Added Tax,VAT.
Falana told Newsmen in Abuja, said that the National Assembly erred by inviting the Minister of Finance and the Executive Chairman of Federal Inland Revenue Service to clarify issues of VAT increment.
According to him, provisions of the constitution states that the President ought to have presented money bill to be passed by the NASS before the increment.
The Federal Executive Council had last Wednesday approved the increment of VAT from 5 per cent to 7.5 per cent.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, had explained that the increase would only begin after the VAT Act was amended by the National Assembly and after consultations with the state and local government areas as well as the Nigerian populace.
According
to her, our projection is to finish consultations early enough so that it takes
effect in 2020.
