The International Monetary Fund (IMF) has once more advised Nigeria’s federal government to increase Value Added Tax (VAT), while also offering other fiscal measures that the country could adopt to stimulate economic growth. The global lender said this would be necessary because the current consolidated government revenue-to-gross domestic product (GDP) ratio at 7.5 per cent “remains among the lowest in the world.”
Sources:
Latest Posts in "Nigeria"
- Why Nigeria’s Most Vibrant States Receive Less VAT Revenue Than They Generate
- Nigeria Mandates E-Invoicing for SMEs, Sets Timeline for Full Digital Tax Compliance
- Nigeria Sets E-Invoicing Compliance Deadlines: Phased Rollout Begins April 2026 for Large Taxpayers
- NCAA Orders Overland Airways to Refund Passengers Wrongly Charged VAT Before January 2026
- Nigeria Sets E-Invoicing Rollout Dates for Medium and Emerging Taxpayers Through 2028
