Nigerians lament over 7.5% VAT Increase

Nigerians are currently lamenting over the 2019 Finance bill which includes the 7.5% VAT increase. President Mohammadu Buhari signed the Finance bill on Monday.

However, Nigerians have taken to Twitter to express their displeasure at the news.

New Prices will be hitting the Market soon as the 7.5% VAT is already in play. This is a good time for Companies to Hike Prices anyhow & in the end the people who will suffer are the Masses. Everything you need will increase in Price but your Salary will remain the Same

Buhari approved Finance Bill 7.5% VAT increase with speed, but Electoral Reform Bill is taking eternity to be addressed. Imagine 7.5% on minimum wage?.  These people know what they are doing, we also must know what we are doing.

“7.5% VAT” Dear fellow Nigerians, If you think life has been tough in the last 5 years or that your beloved Naira has become almost useless, please brace yourselves. 5 taxes are coming into effect as Papa Hanan (a.k.a Buhari) has signed a bill that will punish entrepreneurship

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3 THINGS D@ MUST HAPPEN WITH D NEW 7.5 VAT.

1, Politicians will’ve more money to loot.

2, Companies will increase d prices of commodities & services 2 recoup d new VAT.

3,There’ll be more suffering 4 d governed. FACT: Taxes are meant 4 d rich but it’s d poor, who pay it.