Nigerian Govt to Increase VAT to Help Pay New Minimum Wage

The Federal Executive Council has approved an increase in the nation's Value Added Tax from 5% to 7.2% effective next year. According to the Minister of Finance, Zainab Ahmed, revenue generated from the increase will help states pay the new minimum wage. The minister, however, noted that until the National Assembly approved the increment it is just a proposal.

Value Added Tax - VAT


AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.