PAEDIA EXPRESS ECONOMIST HAILS F.G. ON NEW VAT POLICY

ECONOMIC WATCH!!!PAEDIA EXPRESS ECONOMIST HAILS F.G. ON NEW VAT POLICY

BY ABDULMUMINI ADEKU..

A key member of the Editorial and Policy Board of the E.N.M.Paedia Express Multimedia Group of Lagos,Nigeria and the Economist on its Economic Research Unit,Mr Yemi Aiyegbon has hailed the recent landmark policy statement of the Nigerian Federal Government in which it stated that any Nigerian corporate concern who could not declare any forms of profit above N25Million after its financially audited accounts has being completed and cleared by relevant authorities  should be exempted from the Value Added Tax regime.

Aiyegbon who had just finished and defended stoutly the content of his PhD in Economics from the Ekiti State University  said the policy shift,which is a landmark one from positions taken on the economy by previous administrations will surely create a positive ripple effect for the economy at large.

The Economist noted with joy that the policy decision by the Nigerian Federal Government will help to boost the financial bases of the private firms leading them to creating a multiplier effect  with cash being  re-ploughed back into  the fold thus increasing  the chances of job creation.