Suspend Stamp Duty, Reduce Pump price Says Atiku

• Suspend Stamp Duty, Reduce Pump price Says Atiku

The former Vice President, Atiku Abubakar, urged President Muhammadu Buhari to reduce the price of petrol in line with petrol landing cost.

Atiku also advised the Federal Government to suspend stamp duty charges on all types of account to support Nigerians and businesses at this time.

The former Vice President, who spoke through his twitter handle @atiku, urged large scale industrialists and employers of labour to not layoff workers to cut cost despite the current situation.

Atiku said, “The coronavirus is raging in the world and not just ravaging human beings, it is also affecting economies.

“Nigeria is not an island onto itself, and we must take measures to protect the economic wellbeing of our nation and people.

“Every action that can be taken to ease the cost of doing business in Nigeria and reduce the cost of living, while promoting consumer confidence must be implemented.

“I recommend that policies like the stamp duty on all types of accounts be temporarily suspended until such a time as the nation’s economy has turned the tide in the fight against this virulent scourge.”

He added, “Furthermore, as the landing cost of Premium Motor Spirit, also known as petrol, has reduced significantly, it is strongly recommended that the government should not absorb the savings.

“In addition to these measures, the government is urged to request large scale industrialists and employers of labour not to disengage workers.

“If they know that the government is behind them and will do all to support them, they are less likely to disengage workers.

“These are extraordinary times, and we, as a nation, must take extraordinary measures to protect the entire nation.”