Nigeria: Govt to Raise Vat to 15 Percent By 2027 to Fund Fiscal Deficit - EIU Report

[This Day] The federal government is expected to raise the Value Added Tax (VAT) to 15 per cent from the current 7.5 per cent by 2027 to enable it fund its fiscal deficit and debt service obligations, including social and job creation projects. International business research firm, Economist Intelligence Unit (EIU), stated this in its Country Report.