Nigerian President Muhammadu Buhari delivered the 2020 Budget Speech at the joint session of the National Assembly on 8 October 2019. Specific tax measures of the budget provided in the speech concern VAT amendments, including:

• An increase in the VAT rate from 5% to 7.5%;
• An expansion of VAT exempt items to include:
  • Brown and white bread;
  • Cereals including maize, rice, wheat, millet, barley…