Governors back 7.5% VAT increase as Senate okays finance bill

Fri Nov 22nd, 2019 - Abuja (FCT)

State governors yesterday expressed support for the Finance Bill, which seeks to increase Value Added Tax (VAT) from five per cent to 7.5 per cent.

Vice-chairman of the Nigerian Governors Forum (NGF) and Sokoto State Governor Aminu Tambuwal disclosed this at the NGF monthly meeting in Abuja.

He said: “We are in support of that bill. We are in support of what will definitely improve revenue generation for the Federal Government and states.




source: Guardian