Nigerians’ Incomes will Shrink in 2020, Says Rewane

Nigerians’ Incomes will Shrink in 2020, Says Rewane

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has said the disposable incomes of Nigerian consumers will be squeezed by the proposed increase of Value Added Tax (VAT) and electricity tariff this year. He said the VAT hike from five per cent to 7.5 per cent would lead to […]

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Source: Nigerians’ Incomes will Shrink in 2020, Says Rewane

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