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Nigerian government to increase VAT to pay minimum wage

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

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