IMF SAYS NEW MINIMUM WAGE, VAT INCREASE WILL TRIGGER INFLATION RISE IN NIGERIA IN 2020

Written by on October 10, 2019

THE INTERNATIONAL MONETARY FUND (IMF) HAS RAISED CONCERNS ABOUT THE PROPOSED INCREASE IN VALUE ADDED TAX (VAT), OF WHICH THE PROPOSED 2020 BUDGET WAS PARTLY PREDICATED ON. THE BODY SAID THE PROPOSED INCREASE IN VAT AND RISING MINIMUM WAGE WILL CAUSE NIGERIA’S INFLATION TO RISE IN 2020.


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