The Governor of Abia State, Okezie Ikpeazu, PhD has directed the State Board of Internal Revenue to suspend the collection of taxes in all markets across the State, with immediate effect.
Governor Ikpeazu who gave this directive on Monday, while speaking to traders at the Good Morning Market said that this was as 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 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.
