Home GLOBAL NEWS Let there be special tax on luxury items

Let there be special tax on luxury items

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The Nigeria Labour Congress (NLC) on Wednesday advised the Federal Government to levy special tax on  imported  luxury items. nlc-logoThis was contained in a goodwill message on the occasion of Nigeria’s 55th independence anniversary. The NLC President Ayuba Wabba said that the special tax would further eliminate corruption in the importation of refined petroleum products, among others.

“We propose a strategy that ensures a balance between the productive and social sectors with a focus on economic diversificationcum-quality and robust housing programmes

“We urge the government to put in place a response strategy that is capable of mitigating the after-shocks as well as ensuring a robust recovery.”

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Speaking on the economy, Wabba said:“We urge the government to do a re-think on how to fix the economy through robust macro-economic, civil, accountable and people-oriented policies that are capable of addressing our dependency syndrome.”

He noted that besides, security, unemployment another major challenge faced by Nigeria, adding that the need for sustainable mass job creation is not only necessary but urgent.

“We do believe that one of the surest ways of creating jobs on a sustainable basis for this teeming workforce is to ensure a return to an industrialized economy.”

Wabba further underscored the need for good legislations, policies, programmes and incentives on agriculture, to ensure increased local production of staple food items such as rice, fish, and poultry products.

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He said the same policies should be applied to the production of plant crops such as cocoa, cotton and rubber, among others.

On the Petroleum Industry Bill, Wabba said that if the bill was passed, it would unleash the potential in the sector.

“However, we must make bold to say that varying interests in the polity scuttled the passage of the bill, with some arguing that there are over a dozen versions of this bill in circulation.

“We urge the government to revisit this bill and implement the version that best serves Nigeria’s national interest.”

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He commended government’s regional/ national strategy and tactical operations for rooting out the Boko Haram insurgents, saying that it had yielded considerable results.

He also commended Chief of Army Staff, Lt-Gen.l Tukur Buratai for leading his troops personally from the front.

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