The Imo State Government has replied to the People Democratic Party (PDP) on the issue of low collection of Value Added Tax (VAT) in the State, maintaining that PDP is ignorant of simple economics.
In a press statement by the Commissioner for Information, Public Orientation and Strategy, Declan Emelumba, while reacting on the issue, dismissed the allegations, maintaining that the State Chapter of the PDP goofed again with the aim of deceiving the public with what he termed as false and misleading information.
Emelumba who berated the PDP for its ignorance in what he described as dynamics of Value Added Tax in the economy of the State, stated that contrary to what he regards as mischievous and ignorant submission of the PDP, that VAT is a consumption tax collected by the Federal Government which has no correlation with the economic growth or productivity of any State
He described PDP’s claims as the height of economic illiteracy, noting that if a State’s economy was measured by VAT earnings, then Imo State’s GDP, according to him, could not have been the fourth highest out of the 36 States of the Federation.
The PDP had earlier accused Governor Uzodinma of not doing enough to stir up the economy of the State, blaming him for lack of roads, non-payment of minimum wage, and insecurity in the State.
 | ReplyReply allForwardAdd reaction |
