Reverse 6% tenancy stamp duty-NLC warns Buhari govt - Daily Post Nigeria

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Reverse 6% tenancy stamp duty-NLC warns Buhari govt

Nigeria Labour Congress has warned President Muhammadu Buhari government to reverse the six percent tenancy and lease stamp duty agreement.NLC called it a great injustice against the Nigerian poor and told the administration to “avoid institutionalizing the widespread belief that it is a crime to be poor in Nigeria”.

Labour condemned the policy, noting that it came when Nigerians are trying to cope with COVID-19 shock.“We are having a hike in taxes and user access fees when other countries are offering palliatives to their citizens. Nobody would want to be a tenant if they had an alternative. “This means that tenants which these new policy targets are some of the most vulnerable people in our society. It would be illogical, insensitive and inhuman to churn out laws that make our poor go to bed at night with tears in their eyes.”Wabba noted that accommodation is a fundamental right guaranteed by Nigeria’s constitution.

He wondered why tenants in the most vulnerable group would be expected to pay 6 per cent tax for accommodation when sales tax is 1.5 per cent.

 

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