Federal Government increased minimum wage and reduced purchasing power by increasing VAT to 7.2%. I stan, economic Yahoo yahoo.
"FG is operating economic Yahoo yahoo" - Nigerians react as Government increases VAT from 5% to 7.2%
Posted by E.L.E.X on September 12 2019 under News
The Federal Executive Council which President Buhari presided over on Wednesday September 11, approved the increment of value added tax (VAT) rate from 5 percent to 7.2% percent.
The Minister of finance, budget and national planning, Mrs Zainab Ahmed confirmed the increment at the end of the cabinet meeting. The new rate which will take effect from 2020 is however subject to an amendment of the VAT act of 1994 by the national assembly.
See how Nigerians are reacting to the development below...
To celebrate their victory yesterday, they haff increased VAT to 7.2 percent
#PEPT
59 people are talking about this
To celebrate @Mbuhari's successful coup, the FEC has raised VAT to 7.2%. I hope the Buharists and APC apologists are exempted from this new tax regime and all other evils that is to come. twitter.com/nigeriantribun…
162 people are talking about this
Imagine an investor buys Nigeria off, and FG gave everybody a share of the money to leave Nigeria.
Which Country would you migrate to?
VAT TO 7.2%
38 people are talking about this
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