The federal government has dismissed circulating rumours of a possible increase in Nigeria’s Value-Added Tax (VAT) from 7.5 percent to 10 percent, stating that no such hike is being considered.
The clarification came from the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in a statement he issued and signed on Monday, September 9.
Edun emphasised the government’s dedication to fiscal stability and reassured Nigerians that President Bola Ahmed Tinubu’s administration is committed to implementing sustainable economic policies without placing additional strain on citizens.
