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Finance Minister Corrects Error On Proposed VAT Rate Hike

Barely 48 hours after she misinformed the global community that the Federal Government had proposed to increase Nigeria’s Value-Added Tax (VAT) rate from 5% to 7.2%, the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, at the weekend adjusted the rate to 7.5%. Rather than apologizing for the misleading information she gave after […]