Consumption tax, also known as value-added tax (VAT) may soon become higher in Nigeria.
According to a report by The Cable, the National Assembly is reportedly considering a bill to increase value-added tax (VAT) from 7.5% to 10% by 2025. The legislature also intends to increase VAT to 12.5% by 2
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
