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Nairametrics
Home Business News

FG to increase VAT rate to 7.2%

Damilare Famuyiwa by Damilare Famuyiwa
January 12, 2019
in Business News, Politics
Minister of Finance Zainab Ahmed, VAT

Zainab Ahmed

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Zainab Ahmed, the Minister of Finance and Budget and National Planning, has disclosed that the Federal Executive Council (FEC) has approved an increase in value-added tax (VAT) rate from 5% to 7.2%.

The minister made this disclosure with some state house correspondents at the end of the cabinet meeting in Abuja.

More details soon…

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Tags: VAT rateZainab Ahmed
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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