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7.2% VAT
There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.
MAN President, Mansur Ahmed, the plan to increase VAT would worsen the current economic hardship Nigerians are experiencing at the moment.
The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2% Value Added Tax approved by the Federal Executive Council would make nonsense of the recent increase in the minimum wage.