Just In; Ikpeazu Suspends All Market Taxes

Governor of Abia State Dr. Okezie Ikpeazu has suspended all taxes in all the markets in the State following the difficulties faced by traders in the aftermath of the Currency Redesign Policy of the Federal Government.

Governor Ikpeazu made this statement on Monday directing the State Board of Internal Revenue to suspend the taxes with immediate effect.

A statement made available by his Chief Press Secretary, Onyebuchi Ememanka reads in parts;

“Governor Ikpeazu who gave this directive today while speaking to traders at the Good Morning Market said that this was a result of the difficulties faced by traders in the aftermath of the Currency Redesign Policy of the Federal Government.

According to the Governor, “the Currency Redesign Policy has made life difficult for the average Nigerian but the traders are 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”.

The Governor is of the view that this tax break will make life easier for the traders while all citizens wait patiently for the federal government to stabilize the currency situation in the country.”

President Muhammadu Buhari has appealed for calm stating that the cash scarcity experienced by Nigerians will be solved soon.