VAT
Breaking News Business & Economy Fact-Check

FACT-CHECK: Nigeria’s Finance Minister Lied In Claiming Country’s VAT Rate Lowest In The World

By Ogar Monday Claim: Nigeria’s Minister of Finance, Zainab Ahmed, recently claimed that the country’s 7.5% VAT rate is the lowest in the world. Verdict: False. At least three other countries have a lower VAT rate than Nigeria.  Full Text As Nigeria struggles with a rising cost of governance and depleting revenue, the government continues

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Breaking News Business & Economy Opinion

Views On Court’s Ruling In Favor OF Right Of States To Collect VAT BY FIRST BABA ISA

The issue many are not putting in proper perspective on this VAT ruling by Port Harcourt Federal High Court is that the advantage Lagos, Rivers and FCT have over other states per VAT is the fact that Nigeria’s formal economy is concentrated in these places while others run an informal economy, largely. It is not

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