Nigerian groups demand lower VAT rate, arguing it will ease financial burdens and boost economy.
The Coalition of Northern Groups (CNG) and civil society organizations in Nigeria are urging the government to reduce the Value Added Tax (VAT) rate from 7.5% to 3%, arguing that this would ease financial burdens on citizens and promote economic activity. They oppose the proposed VAT increase, stating it could harm women entrepreneurs and raise costs of essential goods. The group also calls for clearer definitions in tax reform bills and urges the government to consider alternative revenue strategies.
2 months ago
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