2020 Budget: 85% VAT Going To States, LGAs – Fashola   The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of the Value Added Tax to be raised in the 2020 budget will go back to the states and local governments...

2020 Budget: FG Proposes N9.12trn Estimate, Targets N7.17trn Revenue   The Federal Government has proposed N9.12trn as the 2020 budget estimate. It has deficit of about N2.28trn. These were contained in the 2020-2022 Medium Time Expenditure Framework and Fiscal Strategy Paper sent to the National Assembly by...

FEC Approves 7.2% VAT Rate, N10trn For 2020 Budget   The Federal Executive Council on Wednesday approved 7.2 per cent as new Value Added Tax rate for the country, up from the current five per cent. However, a decision has yet to be taken on the effective...