Jamilu Charanchi blasts govt over tax hikes and unaccounted subsidy funds

DDM News

Jamilu Charanchi, the National Coordinator of the Coalition of Northern Groups (CNG), has expressed vehement opposition to Nigeria’s current tax policies, particularly the increase in Value Added Tax (VAT).

Diaspora digital media (DDM) gathered In a recent statement broadcast on Voice TV, Charanchi voiced his concerns over the country’s economic policies under the present administration.

He emphasized the mounting dissatisfaction among Nigerians regarding the effects of these policies on their daily lives, with many feeling the burden of increased taxes without any visible benefits.

Charanchi began by stressing that the CNG would not support any further increases in taxes.

He highlighted the group’s determination to oppose the controversial VAT hike.

He made it clear that the coalition was prepared to use every legal means available to resist such measures.

According to Charanchi, this opposition is not merely a political stance but rather a fight for the economic stability and fairness of Nigeria.

The coalition believes that the government’s approach to taxation is putting unnecessary pressure on citizens without delivering the promised benefits, such as improved infrastructure or social services.

Regarding VAT, Charanchi made his stance abundantly clear: the government’s decision to raise the tax was unacceptable.

He demanded a significant reduction in the VAT rate, advocating for it to be brought back to 3%.

Charanchi argued that the tax increases were not serving the Nigerian populace, as there were no visible improvements in public services or infrastructure that could justify the higher tax burden.

Instead, Nigerians continued to feel the strain of rising prices and stagnating economic conditions.

Charanchi questioned the effectiveness of the tax increases, noting that there was no tangible evidence to show that the additional revenue was being used to foster development or improve the lives of ordinary citizens.

The CNG leader’s call for the reversal of VAT increases was not just about the rate itself but about the broader issue of fairness and transparency in government actions.

He pointed out that Nigerians were bearing the brunt of economic reforms that were not yielding the promised outcomes.

Charanchi argued that if the government was going to impose such measures, there should be clear and visible benefits for the people.

However, the lack of improvement in infrastructure, healthcare, education, and other critical sectors had left the citizens feeling abandoned.

The government, in Charanchi’s view, had failed to deliver on its promises of progress, and instead, Nigerians were simply facing higher taxes without seeing the corresponding improvements in their quality of life.

Charanchi’s criticism extended beyond VAT to the broader issue of fuel subsidy removal.

One of the central economic reforms of the current administration was the removal of fuel subsidies, which were initially justified as a necessary step to address the country’s economic challenges.

However, Charanchi expressed concerns over the lack of transparency regarding how the funds generated from the removal of subsidies were being used.

The government had promised that the money saved from the subsidy would be reinvested into key sectors of the economy, such as infrastructure, healthcare, and education.

Yet, Charanchi argued that there had been little to no visible improvement in these areas.

He called for greater transparency from the presidency about the use of the funds and demanded a clear explanation of how Nigerians were benefiting from the removal of subsidies.

In his statement, Charanchi was blunt in his criticism of the government’s handling of the subsidy removal funds.

He stated that there had been no clear accounting for how the money was being spent, and there was no evidence that it was being used to improve the lives of ordinary Nigerians.

With rising inflation, high unemployment rates, and inadequate public services, Charanchi questioned whether the removal of subsidies had actually benefited the Nigerian people in any meaningful way.

He argued that the government owed the citizens an explanation about what had been done with the funds and why they had not seen any tangible benefits from the subsidy removal.

Charanchi’s remarks reflected growing frustration among Nigerians who felt that the government’s economic policies were not addressing their most pressing needs.

The removal of subsidies, while intended to reduce government spending, had led to higher fuel prices, which in turn increased the cost of living for ordinary citizens.

At the same time, the promised benefits of subsidy removal, such as improved infrastructure and social services, had not materialized.

Nigerians were left struggling with the consequences of higher taxes and fuel prices, without seeing any corresponding improvements in their quality of life.

Charanchi also criticized the government for failing to provide adequate support to the people during this period of economic hardship.

He argued that the government had focused too much on implementing policies that were not directly benefiting the citizens, while neglecting the urgent need for social safety nets and infrastructure development.

Charanchi’s statement highlighted the disconnect between the government’s economic policies and the reality faced by many Nigerians on the ground.

For Charanchi and the CNG, the fight against VAT increases and the demand for transparency regarding the use of subsidy funds is not just about opposing specific policies but about advocating for a more equitable and transparent government.

The coalition believes that the government should prioritize the welfare of its citizens and ensure that tax revenues are used effectively to improve public services and infrastructure.

Charanchi’s call for a reduction in VAT to 3% is part of this broader push for a fairer economic system that better serves the needs of the people.

In conclusion, Jamilu Charanchi’s statement represents a powerful critique of Nigeria’s current economic policies, particularly the increase in VAT and the removal of fuel subsidies.

He has called for greater transparency and accountability from the government, demanding that the funds generated from these policies be used to improve the lives of ordinary Nigerians.

Charanchi’s message resonates with many Nigerians who feel that they are bearing the brunt of economic reforms that have yet to deliver on their promises.

As the country faces mounting economic challenges, Charanchi’s call for a fairer tax system and greater government accountability is likely to continue to gain support among those who are dissatisfied with the current state of affairs.

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