Browsing: Value Added Tax

“So, I don’t think government is contemplating, at least not at the Federal government level, presidency level, I do not think anybody is contemplating new taxes. But of course, we are looking at how our people don’t have to pay double taxes.”

The Nigerian economy has been hit by dwindling crude oil prices, leading to a shortage of foreign exchange, a shrinking economy and spiraling inflation, which have all impacted on the standard of living and impeded the ability of several state governments to pay the salaries of their workers.