Odinkalu slams Nigerian govt’s order on private sector not to adjust prices

For ordering private sector operators not to increase prices of their goods and services, while it increased the Value Added Tax, pump price of petrol, charges on Point of Sale and Automated Teller Machine transactions, the former Chairman, National Human Rights Commission, Prof. Chidi Odinkalu, has accused the Nigerian government of double standard.

In a veiled reference to the National Broadcasting Commission’s directive to MultiChoice Nigeria to revert to its pre-June 1 tariffs, Odinkalu tweeted on Thursday, “It increased VAT, electricity tariff, petrol price, and charges on PoS and ATM withdrawals, but private operators can’t adjust their prices under the watch of a government that keeps raising charges.”

MultiChoice had, from June 1, adjusted tariffs on its pay television packages to reflect new VAT of 7.5 per cent from five per cent, which came into effect on February 1, 2020.

The hike in VAT is one of the provisions of the Finance Bill, signed into law by President Muhammadu Buhari on January 13.

On Wednesday, July 1, Acting Director-General of the NBC, Dr. Armstrong Idachaba, had directed MultiChoice to revert to its old rates. He was acting on the instruction from the House of Representatives during a session held to deliberate on pay television subscription models.

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