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Fact Check: Does Nigeria Have the Lowest VAT Rate as the Minister of Finance Claimed?

Fact Check: Does Nigeria Have the Lowest VAT Rate as the Minister of Finance Claimed?

Claim:  Nigeria Has the Lowest Value-Added Tax (VAT) Rate Verdict:  False Context:  As Nigeria struggles with a rising cost of governance and depleting revenue, the government continues to look for avenues to raise money. One such way is through Value Added Tax (VAT).  Recently, the country’s Minister of Finance Budget and Planning, Hajia Zainab Ahmed,...