Nigeria Exempts 63 Items from VAT in 2024 Fiscal Reforms
Nigeria’s government has exempted 63 items from Value-Added Tax (VAT) under the 2024 fiscal reforms, including electric vehicles, gas processing equipment, and biofuel components. This initiative, led by the Presidential Committee on Fiscal Policy, aims to reduce industry costs, promote cleaner energy, and boost the country’s economic recovery efforts. In a significant move towards…
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