FG increases provisional wage increment to N35000; removes VAT on diesel for six months

President Bola Tinubu has approved an additional N10, 000 to the provisional wage increment he announced for workers earlier today, The wage increment which is to last for six months is part of the measures to cushion the effect of the economic hardship being experienced as a result of the fuel subsidy removal. President Tinubu had in his Independence day broadcast announced N25, 000 provincial wage increase for low-grade workers. However after a meeting between the Labour union leaders and

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“I’m with Wike 100% on this VAT issue” Ganduje’s former aide, Dawisu, says

Salihu Tanko-Yakasai a.k.a Dawisu, who was Kano State Governor, Ganduje’s media aide, has taken sides with Wike on the VAT issue.   River State Gvernor, Nyesom Wike, said on Wednesday, September 8, during a stakeholders’ meeting with oil companies and business owners in the state, that companies based in the state are to start paying VAT to the state government.   He accused the Federal Inland Revenue Service,  FIRS, of threatening and bullying companies based in the state and warned

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No plan to increase VAT again – Minister of Finance, Zainab Ahmed

Minister of Finance, Zainab Ahmed has debunked claims of having plans to increase the Value Added Tax (VAT) and other taxes in 2021.    Ahmed who defended her Ministry’s budget before the Senate Committee on Finance in Abuja, dismissed claims of an imminent increase in VAT and other taxes in the proposed Finance Bill to be presented to the National Assembly soon.   The minister said;     “There will be no increase in VAT or any form of taxes because we see

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Include cancer, malaria, diabetes drugs in import duty and VAT waiver

The federal government has been urged to include anti-cancer, malaria, diabetes and other essential pharmaceutical drugs on the streamlined import duty and Value Added Tax (VAT) waiver.   The senate made the call on Tuesday May 19, following a motion on the “Urgent need for the Federal Government to streamline Import Duty and Value Added Tax (VAT) Waiver to essential pharmaceuticals drugs” sponsored by Senator Ifeanyi Ubah (Anambra South).   Senator Ubah who pointed out that people with underlying ailments such as diabetes,

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