- President Bola Ahmed Tinubu has suspended the 7.5% Value Added Tax (VAT) on diesel in Nigeria for six months.
- The announcement was made by the Minister of Information and National Orientation, Mohammed Idris, after a meeting between the government and organized labor.
- The cost of diesel has been rising, reaching N1000 per litre from 600 per litre in June.
- The federal government has also committed to providing funds for micro and small-scale enterprises.
- These decisions were made in an emergency meeting to prevent an indefinite strike planned for October 3.
Source: dailypost.ng
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
