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Updated: VAT raise likely as FG retools revenue strategy

VAT raise likely as FG retools revenue strategy

Nigerians should brace up for an additional raise in the Value Added Tax (VAT) – presently at 5 percent, as the federal government which is now under pressure to raise additional revenues rework collection strategy. Finance Minister, Zainab Ahmed signaled the possible raise on Wednesday as she launched a new initiative which seeks to push…

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