Increasing VAT Will Cause Inflation, Analyst Warns | Sahara Reporters The government had stated that there will be an increase in the VAT from its current rate of 5.5 per cent to 7.2 per cent. firsNigeria NigeriaGov READ MORE:
Public affairs analyst, Makut Macham, has described the planned hike in Value Added Tax as a hole being dug by the Nigerian Government, which will cause inflation at the end.
He said, “On the surface this looks like a solution to the problem that we have on ground but when you dig deep, you will realise that there are a lot of loop holes to this government's policy considering the standard of living of Nigerians and the level of unemployment.
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