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New VAT in Nigeria - Update

Francheezy
Business | Businesses

On Tuesday the Senate Committee on Finance at the hearing to deliberate on the new national minimum wage of N30,000 approved by the Senate.


The Senate had approved the new figure at its plenary on Tuesday 19/march/2019.
Speaking before a panel led by Senator John Owan Enoh, Udoma said that the Technical Advisory Committee on the minimum wage would submit its own report to President Muhammadu Buhari during the week.
"There may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced."
“The current minimum wage of N18,000 is really too low. It is difficult for workers to manage on that amount. The President supported a review but it is important that as we are reversing it, we should be able to fund it. It is in the light of this that we would be coming to you (Senate), because there may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced,” he said.
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Lado Inu
When are they going to start paying it. they should talk about that instead of making unneccesary noise that we don't need
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