FEEDBACK: Nigerians react to 7.5% VAT increase

Average VAT rate in most European counties is around 20-25%. You might argue that Nigeria is different. But 7.5% VAT in Nigeria is great. It helps government raise revenue needed for infrastructure. Accountability and judicious use of raised VAT is another issue entirely.

— Dr Dípò Awójídé (@OgbeniDipo) January 14, 2020

7.5% VAT is just another methods of extortion, we are tired of all this stomach infrastructure bullshit. Imagine Vision 2020 is here with #7.5%VAT

— XXHOMEALONE🔞 (@Rromeod1) January 14, 2020

I've heard a lot that this 7.5% VAT isn't going to affect the poor. Who told you? An economist? Many a time, goods and services provided by large companies end up with the average citizens as the final consumers.
If the VAT is targeted on companies with turn over of over N25m

— Egbegba (@egbegba_) January 14, 2020

BRIEF BREAKDOWN ON THE TAX REFORM know as FINANCE BILL 2019:-

7.5% VAT is not on food, medicines (drug) and education items, etc.

The 7.5% VAT is not for the poor or vulnerable but the middle class and the rich. They should pay more and we pay less.

— Umaru – (@tenimu2013) January 14, 2020

7.5% VAT is not the problem sir.
The government is not providing value for the 5% VAT and they want the citizens to sit and watch them raise the %.
The govt is currently struggling to meet up with its recurrent expenditures. so why will I pay more VAT to help govt pay salaries? https://t.co/UzK0xaVz3K

— OLABODE Ifeanyi (@olabode_ifeanyi) January 14, 2020

7.5% VAT increment is really not a problem assuming the motive behind it is right.

What has become of all the 'revenues' raised by the government since inception?

Is there any evidence of a positive effect of the proceeds on the common man?

E go better is still our slogan.

— Slimfit (@iSlimfit) January 14, 2020

If you know your Company will not smell the new 7.5% VAT, gather here for Thanksgiving and group selfie 😂😃🤣😂 #Scent9jA https://t.co/oso2NycEhx

— BLOG | MEDIA | BUSINESS (@Scent9jA) January 14, 2020

Nay sayers and the #GenerationsOfVipers who can't read and discern have jumped on the band wagon of "7.5% VAT is = to increased hardship" has failed to see the huge benefits and the wholesomeness of this reforms. Thank you Baba Buhari. https://t.co/41VRIn8F1u

— RASCAL Progressive Oma 'Loogun Liyetu (@korllyybobo) January 14, 2020

7.5% VAT.
Sometimes I wonder if we actually still have the economic teams.
Watch this video till end. pic.twitter.com/YvSuIYE5G3

— Mazi Ejike Aloysius (@Ejiphills) January 14, 2020

"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

— The Seeker (@The_Seeker76) January 14, 2020

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.

— chinanu Ndumele CN (@CN4real) January 14, 2020

How can the leadership of Nigeria be this brutal. Not considering the economy of the country but raising the tax rate to 7.5% VAT.
Please watch and share so people can understand the injury they're causing pic.twitter.com/b3WkGgw59g

— jinadu precious (@precido100) January 14, 2020