Lead Strategist at Gatefield, Adewunmi Emereuwa has criticised the Nigerian government’s 50% Value Added Tax (VAT) hike, describing it as a regressive policy that has worsened economic conditions for millions of Nigerians.
Emereuwa in an interview with Arise News on Saturday, cited government data and recent economic reports. He argued that the increase has done little to boost meaningful revenue growth while exacerbating inflation and poverty across the country.
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