Nigeria's Ministry of Finance has reportedly issued the Value Added Tax (Modification Order) 2020, which clarifies and expands the list of VAT exempt goods as per amendments made by the Finance Act 2019, including an exemption for basic food items. The Order provides that basic food items refers to agro and aqua based staple foods including: Honey, raw or semi-processed Bread, white and brown Cereals, such as maize, rice, wheat, millet, barley, oats, and others supplied as grain, flour, etc. Cooking oils, such as vegetable oil, soya oil, palm oil, olive oil, and others suitable for culinary purposes Culinary herbs,...