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Nigerian Government Aims for Zero Tax on Food Items to Ease Burden on Poorest Citizens

  • Nigerian Government aims for zero-rated tax on food items
  • Presidential Committee on Fiscal Policy and Tax Reforms working towards this goal
  • Chairman of the Committee, Taiwo Oyedele, revealed plans during interview with Channels Television
  • VAT system currently placing burden on poorest people
  • Proposal to increase VAT from 7.5 percent to 10 percent in the works
  • Nigerian National Petroleum Company Limited recently increased pump price of Petrol

Source: platformtimes.com.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.

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