- Federal Government refutes speculation of VAT increase
- Minister of Finance clarifies that there is no proposal to raise VAT from 7.5% to 10%
- Current VAT rate remains unchanged
- Government focused on strengthening economy through sustainable policies
- Recent fiscal measures aim to alleviate economic hardship
- Ministry of Finance committed to transparent communication on tax and economic policy matters
- Future tax reforms will be announced through official government channels
Source: fmino.gov.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.
