Energy Consultant Dr. Sulemana Yussif, has stated that the implementation of the new taxes on the energy sector risks stifling the growth of the economy.
The taxes were introduced in the 2021 budget statement and will take effect on May 1, 2021.
Dr Yussif argues that the new taxes have the tendency to reduce expenditure in the sector which will have a negative impact on the economy especially as it recovers from the impact of the COVID-19 pandemic.
