Stella Dimoko Korkus.com: Abia Governor Ikpeazu Suspends All taxes For 6 Months In Abia Markets Over Naira Crunch

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Wednesday, February 15, 2023

Abia Governor Ikpeazu Suspends All taxes For 6 Months In Abia Markets Over Naira Crunch

Abia state Governor, Dr Okezie Ikpeazu, has directed the State Board of Internal Revenue to suspend the collection of taxes in all markets across the State till the end of June 2023.



Ikpeazu, who gave the directive while addressing traders at the Good Morning Market in the Aba South council area, explained that the decision had become necessary due to the difficulties faced by traders following the currency redesign policy of the federal government.

His words; “From now till the next six months, January to June, no traders will no longer pay tax to the government. No trader is selling anything, there is no money. Customers are also suffering. There is no need to ask traders to pay taxes. I will direct the Board of Internal Revenue to suspend the collection of taxes in all the markets.

 These six months will not kill us. The currency redesign policy has made life difficult for the average Nigerian but the traders are the worst hit. They cannot have access to the little money they have in deposit money banks and some of these businesses still exist at the subsistence level. It will therefore be difficult to expect these traders to also pay taxes to the government under the present circumstances.”
from Vanguard

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