Budgeting Economy News Extra Latest News National Assembly Revenue Taxation

Governors Support 7.5% VAT, As Lawan Lists Finance Bill Benefits

State governors on Thursday expressed support for the Finance Bill, which seeks to increase Value Added Tax (VAT) from five per cent to 7.5 per cent, among other revenue generation and fiscal proposals. The Vice-chairman of the Nigerian Governors Forum (NGF), Aminu Tambuwal, gave the governors’ position on the proposed hike of the VAT rate […]