The Federal Government announced last week that it would soon send a request to the National Assembly to adjust the 2019 budget estimates in order to source for more funds to pay the new national minimum wage which was recently approved by the National Assembly.
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FG may increase VAT to pay new minimum wage – Budget ministerWhat's VAT Next Level my guys♂🤷🏽 Why can’t senators/Hon salaries and their unnecessary bonuses be drastically cut down. Honestly. they don’t deserve what they earn.
Source: MobilePunch - 🏆 8. / 63 Read more »
FG to increase VAT, adjust 2019 budget – Daily Trust…as Senate okays N30,000 minimum wage Experts speak The Federal Government would send request to the National Assembly for adjustments to the 2019 budget to reflect ways of sourcing funds to pay the new national minimum wage which was approved by the Senate yesterday.ADVERTISEMENT Minister of Budget and National Planning Udoma Udo Udoma said … That means masses should brace up and shoulder the burden of increasing workers' salary Increase VAT on what? What has value under this government that they want to increase the tax on it? God help Nigeria Let the government be more creative on how to generate revenue to take care of the new minimum wage. Increasing VAT amounts to giving with one hand and taking the other.
Source: Daily Trust - 🏆 13. / 51 Read more »
FG plans 50% increase in VAT, other taxes - Vanguard News NigeriaABUJA—Plans are underway by the Federal Government to increase Value Added Tax, VAT, by up to 50 per cent (from current 5 per cent to 7.5 per cent), a move that would stoke-up inflationary pressure in the economy. Minimum wage ? And things would be more expensive. Na wa oo That's too bad, why would they increase vat when senators and reps are collecting 15m/12m respectively without doing anything good for common men in Nigeria apart from allowances? The problem I got with nlc is that most of them r now politicians Mr integrity and co should have reduced the salaries and allowances of political office holders for this reason and many more! We have a long way to go as a country, so sad!
Source: vanguardngrnews - 🏆 5. / 75 Read more »
FG Unveils 2020 National Sports Festival’s TimetableThe federal government through Ministry of Youth and Sports has the released the timetable for the 2020 National Sports Festival (NSF) slated to hold in the ancient town of Benin-city, Edo State. This is contained in the communiqué issued at the end of the extra-ordinary meeting of the National Council on Sport held at the […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
FG Considering Upward Review of VAT to Fund National Minimum Wage - THISDAYLIVEBy Deji Elumoye in Abuja The federal government has made known its intention to upwardly review the Value Added Tax (VAT) as a means of funding the national minimum wage. The Budget and National Planning Minister, Senator Udo Udoma, made this disclosure on Tuesday while appearing before the Senate Committee on Finance headed by Senator … Rubbish. They should come out and tell us they want to use another medium and take back the wage increment. Why can't FG reduce the money they are siphoning away in the executive and legislative arms of Government. So you want to rob from the masses to pay the citizens? Revolution is looming! No. That will be like taking two step forward and taking one step backward again. Why not just take one step forward and remain there.
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Govt mulls VAT increase - The Nation NigeriaNIGERIANS were yesterday told to brace for a possible increase in the Value Added Tax (VAT).VAT, now five per cent, is undergoing
Source: TheNationNews - 🏆 6. / 69 Read more »
VAT increase will worsen economic situation - The Nation NigeriaEbonyi State Governor David Umahi on Wednesday said the plan by the federal government to lift Value Added Tax( VAT ) from 5% to
Source: TheNationNews - 🏆 6. / 69 Read more »
Umahi faults FG’s plans to increase VAT - The Nation NigeriaGovernor David Umahi of Ebonyi has faulted the Federal Government plan to increase the Value Added Tax (VAT) from 5 per cent to 35 per cent.
Source: TheNationNews - 🏆 6. / 69 Read more »
FIRS refutes report of 50% VAT increase - The Nation NigeriaThe Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment .
Source: TheNationNews - 🏆 6. / 69 Read more »
FG to auction N100bn bonds March 27 – Daily TrustThe Federal Government will auction by subscription N100 billion worth of bonds on March 27, the Debt Management Office (DMO) has said. The DMO said in a circular on its website in Abuja, that the five-year re-opening bonds of N40 billion to mature in April 2023 was offered at 12.75 per cent.ADVERTISEMENT It said the …
Source: Daily Trust - 🏆 13. / 51 Read more »