Nigeria to Double VAT to 15% by 2027, Economist Intelligence Unit Predicts 

EIU said the deficit could widen to five per cent of Gross Domestic Product (GDP) in 2024, slightly above the estimate for 2023. It said this was expected to average 4.5 per cent of GDP annually between 2025 and 2028 – more than the legal limit of three per cent of GDP and representing an unusually lax period of fiscal policy for the country.

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