The upward increase of VAT from 5 percent to 7.5% by government effective from 1st February 2020 is already having rippling effects on prices of meters and electricity supply services in the power sector. In this piece, Daily Trust explored the changes effected by some power firms and the additional[Read More…]
Tag: costs
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]