VAT

Why FEC raised 2024 Budget to N27.5trn – Atiku Bagudu

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Why FEC raised 2024 Budget to N27.5trn – Atiku Bagudu

Minister of Budget and Economic Planning, Atiku Bagudu has asserted that the prevailing economic realities compelled the Federal Government to raise the 2024 budgetary proposal from the initial N26 trillion to N27.5 trillion. According to him: “This has an aggregate of 27 trillion, 500 billion naira, which is an increase of over 1.5 trillion from … Read more

FG announces temporary removal of VAT on diesel

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FG announces temporary removal of VAT on diesel

The Nigerian government announced, on Sunday, the waiver of Value Added Tax (VAT) on diesel for the next six months to address the impact of petroleum subsidy removal in the country. PREMIUM TIMES reports.InformationGuideNigeria The waiver is part of the resolution reached during the meeting between the labour unions and the government delegation, information minister … Read more