Imo lowest record in VAT evidence of dying economy – PDP

The Peoples Democratic Party, (PDP), Imo State Chapter, has alleged that the recently released data on Value Added Tax, VAT, as generated across the 36 States of the Federation and the Federal Capital Territory, remains a vindication of its previous stand on the dwindling fortunes of Imo economy under Governor Hope Uzodinma’s watch.

Imo PDP in a press release signed by its state publicity secretary, Lancelot Obiaku, and made available to newsmen, alleged that the Governor’s leadership style had made the state “unattractive to investors.”

The party wondered how the State allegedly generated the lowest VAT revenue in the whole Federation of Nigeria, adding that even the second worst performing State, Zamfara, generated N432.80 million compared to Imo’s N235.41 million, an amount the PDP described as not only the lowest in the whole country but also “paltry.”

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