Source: Ships&Ports
If the Senate approves the proposal, VAT will rise from the current five per cent to between 6.75 and 7.25 per cent, with implications for prices of goods and services, which are expected to rise, spiking inflation and depressing consumer spending.
Source: The Guardian
Bombshell for Nigerians as govt plans 50% VAT hike to fund new minimum wage
Source: Alternative Africa