The Association of Bureaux De Change Operators (ABCON) has warned the Federal Government against the proposed increment in VAT.
The Minister of Finance has lamented Nigeria's poor collection rate of VAT, saying it is 0.2%, lower than the African average of 0.33%.
Folorunso Alaki has faulted FG's plan to increase VAT from its current 5% to 7.5%, saying the move is a threat to entrepreneurs across the country.
Analysts at Afrinvest West Africa, have exposed the Federal Government’s intended sharing formula of the expected N479.7 billion revenue from the proposed 7.5% Value Added Tax (VAT).
As Nigerians anticipate President Buhari's ministerial list, the immediate past Minister of Finance, Zainab Ahmed has declared interest for re-appointment
