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Taxes on products rise by 112%, hit N3tn – Report
Total taxes on products in the economy rose by 112.02 per cent from N1.43tn in 2019 to N3.03tn in 2022, coinciding with a Value Added Tax hike from five per cent in 2020 to 7.5 per cent in 2022. This was contained in the National Bureau of Statistics’ ‘Nigerian Gross Domestic Product Report (Expenditure and