FG Approves 50% Telecoms Tariff Hike
The Federal Government has approved a new 50 per cent hike in the cost of telephone services in the country. This comes 12 years after the last tariff hike was effected. This was announced yesterday by the Nigerian Communications Commission (NCC) in a statement signed by the Director of Public Affairs, Reuben Muoka. The adjustment, […]
Governors Back Tax Reforms, Propose New VAT Formula
The Nigeria Governors’ Forum (NGF) has rejected any immediate increase in the Value Added Tax (VAT), citing potential economic pressure on businesses and households already dealing with inflation. In a communique issued after a meeting with the Presidential Tax Reform Committee in Abuja yesterday, the governors expressed support for the ongoing legislative process to modernise […]
FG considers Zero VAT for Pharmaceutical Products
Ministry of Health and Social Welfare has finalised the Executive Order Harmonised Implementation Framework that abolishes Value Added Tax (VAT), and Excise Duties on pharmaceutical products and medical devices. Minister of State for Health and Social Welfare, Dr. Tunji Alausa, told journalists in Abuja yesterday that the development, which has been cleared for gazetting, was […]
