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, and sorghum; Fish of all kinds; Flour and starch meals; Fruits, nuts, pulses (beans) and vegetables of various kinds; Roots such as yam, cocoyam, sweet and Irish potatoes; Meat and poultry products including eggs; Milk; Salt...