Federal Government has projected ambitious plans to increase revenue accruing from Value Added Tax (VAT) from an average of N35 trillion in 2024, to N40 trillion in 2025 and N45 trillion in 2026 fiscal years, respectively.
The breakdown of the 3-year projected revenue was contained in the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), seen exclusively by Nigerian Tribune.
Source: tribuneonlineng.com
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