Tag: GDP Growth
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Finance Minister urges incoming administration to raise VAT to 10%
Nigeria’s Minister of Finance, Budget and National Planning Zainab Ahmed, has advised the next administration to increase Value Added Tax (VAT) from 7.5 per cent to 10 per cent saying it will stimulate growth. Ahmed who gave the advise during a meeting in Abuja on Tuesday, also disclosed that the President Buhari-led administration initially targeted…
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Nigeria records 1.87% GDP growth in Q1 2020
The National Bureau of Statistics (NBS) on Monday said the Gross Domestic Product (GDP) of Nigeria grew by 1.87 percent in the first quarter of 2020. According to the NBS, this year-on-year growth posted by the Africa’s largest economy came despite the “backdrop of significant global disruptions resulting from the COVID-19 public health crisis, a…