Increase The Stipends Of The Poor & Reduce Tax: Bola Tinubu Advices FG As He Celebrates His 68th Birthday.

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The All Progressives Congress (APC) National Leader and erstwhile governor of Lagos State, Asiwaju Bola Ahmed Tinubu, celebrated his 68th birthday today with a message on his “Preliminary thoughts on the economic action the country might take should coronavirus mortally threaten our economy.”

In the 9-point measures he raised, Asiwaju opined that the Federal Government should take away tax deductions and increase stipends of the poor.

Others measures that he suggested include: Government should maintain expenditures, accelerate spending on key infrastructural projects, ensuring food security, lowering interest rates, quantitative easing, allowing downward pressure on the Naira and debt suspension.

In his suggestion on tax deductions in the latest statement titled, “A message on coronavirus: a time for unity, a time for thought, a thought for action”, he said:

“Government should announce a tax credit or partial tax reduction for firms. VAT should be suspended for the next 2-4 months. This will help lower import costs and protect against shortages.”

On increased stipends to the poor, Tinubu said: “We do this by widening the net, substantially increasing the number of recipients of anti-poverty stipends”.

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