Nigerians On Twitter Reacts As Buhari Increases VAT To 7.5%

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Sequel to the passage of the 2020 Finance Bill by the National Assembly, President Muhammadu Buhari, on Monday signed the bill into law but this act has infuriated a lot of Nigerians.

A number of Nigerian citizens took to their Twitter accounts to lament about the increase of the VAT rate from the previous rate of five percent to the now signed and approved 7.5 percent.

According to the press release by the Special Adviser to the President, Femi Adeshina, the increased rate is to foster ‘more revenue to finance key governmental projects especially in the areas of health, education, and critical infrastructure’.

The 2020 Finance Bill has so far garnered over 3,900 tweets. Here are some of the comments on Twitter.



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