Southwest PDP Upturns Chairman’s Suspension In Oyo.

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The Southwest zonal office of the Peoples Democratic Party (PDP) yesterday upturned the suspension of the Chairman of the party in Ibadan North East Local Government of Oyo State, Taiwo Iyiola, over alleged anti-party activities.  It said the suspension of Iyiola by the State Working Committee (SWC) was arbitrarily without any preliminary hearing as demanded by the party’s constitution.  PDP spokesman in Oyo State Akeem Olatunji said on the phone that the Zonal Secretary, Daisi Akintan, who signed the letter reinstating the suspended chairman, lacked power to act without the consent of the Zonal Chairman, Dayo Ogunbenro. He said the purported letter was null and void.
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Buhari's Minister Reveals 👀 Effect Of Proposed VAT ⏫ Increase On Nigerians

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Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the proposed Value Added Tax (VAT) increase will impact more on consumption by urban communities and the wealthier sections of the population.

Ahmed, who said this at the 25th Nigerian Economic Summit in Abuja on Monday, explained that the proposed tax increase would not affect the poor masses as perceived by some people.

The 2019 summit has as its theme: "Nigeria 2050 Shifting Gears".

"The proposed VAT increase is likely to impact more on consumption by the urban communities and the wealthier sections of the population than on the poor,'' she said.

According to Ahmed, her ministry will coordinate its fiscal policies with the Central Bank of Nigeria (CBN)'s current tight monetary policy stance to ensure that the appropriate out turns are achieved in terms of growth, consumption and inflation.

She, however, said that Nigeria's VAT contribution to the nation's Gross Domestic Product (GDP) had declined from one per cent between 2010 and 2013, to 0.8 per cent between 2015 and 2018, NAN reports.

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Southwest PDP Upturns Chairman’s Suspension In Oyo.

-
Image
The Southwest zonal office of the Peoples Democratic Party (PDP) yesterday upturned the suspension of the Chairman of the party in Ibadan North East Local Government of Oyo State, Taiwo Iyiola, over alleged anti-party activities.  It said the suspension of Iyiola by the State Working Committee (SWC) was arbitrarily without any preliminary hearing as demanded by the party’s constitution.  PDP spokesman in Oyo State Akeem Olatunji said on the phone that the Zonal Secretary, Daisi Akintan, who signed the letter reinstating the suspended chairman, lacked power to act without the consent of the Zonal Chairman, Dayo Ogunbenro. He said the purported letter was null and void.
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