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The Federal Executive Council (FEC) has approved an increase in the value-added tax (VAT) rate from 5% to 7.2 percent, according to Zainab Ahmed, Minister of Finance, Budget, and National Planning.
At the end of the cabinet meeting in Abuja, the minister revealed this to certain state house correspondents.
Soon, there will be more information…
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator and a recipient of the D9112 Superstar Icon Award, who writes ruthlessly about pop culture, religion, politics and entertainment.
