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Ezenwankwo hails Buhari on Presidential Economic Council



MEMBER, representing Orumba North and South Federal Constituency in the House of Representatives, Okwudili Ezenwankwo, has praised President Muhammadu on the constitution of the Presidential Economic Advisory Council, even as he affirmed the competence of Professor Chukwuma Soludo as member of the economic team.

The ebullient lawmaker, who spoke to media men at Umuawulu, said that the House of Representatives would take a realistic appraisal of the proposal of the Finance Minister to increase Value Added Tax [VAT].

“In many parts of the world, VAT has been known to be a veritable source of revenue to shore up the development profile of the countries. Since some items consumed by those in the low and middle income brackets were exempted, I think the proposal to increase VAT is not bad policy aimed at emasculating the masses”,  Ezenwankwo said.

On the 59th Independent anniversary of Nigeria and the journey so far, the law maker, who was the chairman of Anambra State Market Association, said the country had recorded massive improvement infrastructure wise. “We should give Buhari time as he means well for the country. The insecurity in the country would soon be laid to rest in line with the president’s avowal”, he said.

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