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Here Is What That Actually Means.
By Elizabeth Temiloluwa Saint-Wonder | Macro-Econometrician & Quantitative Researcher
The International Monetary Fund (IMF) has advised the Nigerian government to introduce a new excise tax on telecommunications services and extend Value Added Tax (VAT) to fuel products. Predictably, Nigerians pushed back. But before we reduce this to another episode of "IMF versus the people," let us slow down and understand what is actually being proposed, why it is being proposed, and who would truly feel the weight of it.
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