business incentives

FG Proposes VAT Increase to 10% by 2025, Gradual Hike to 15% by 2030

Oct 14, 2024. by Ekohot Editor

The federal government is planning to raise the Value Added Tax (VAT) from 7.5 percent to 10 percent. EKO HOT BLOG reports that an executive bill to formalize the increase has already been submitted to the National Assembly. According to a Sunday report by The Cable, the proposed legislation seeks to gradually raise the VAT … Read more

FEC Proposes Ten Changes for Economic Advancement (Full List)

Sep 25, 2024. by Ekohot Editor

The Federal Executive Council (FEC) has given its approval for the Economic Stabilization Bills (ESB), marking a significant step in the government’s Accelerated Stability and Advancement Plan. This decision was reached during the council’s 18th meeting, chaired by President Bola Tinubu at the Aso Chambers of the State House in Abuja. The ESB, based on … Read more