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THE Federal government has refuted claims of an increase in the Value Added Tax (VAT) to 10%.
The clarification came from the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who, in a statement issued on Monday, confirmed that the VAT rate remains at 7.5%, as stipulated by the nation’s tax laws.
He noted that the government’s fiscal policies are meant to promote economic d byevelopment not to encourage poverty.
It will be recalled that controversy had arisen following reports of the government’s alleged plan to increase VAT from 7.5% to 10%.
Super Eagles goalkeeper Maduka Okoye has emphasized the need for Nigeria to kick off their 2025 Africa Cup of Nations qualifiers with a win. The Super Eagles are set to face Benin Republic at the Godswill Akpabio International Stadium in Uyo this Saturday. Despite being three-time African champions, the Super Eagles have only secured one win in their last five matches. Okoye, who plays for Udinese, urged the team to […]
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