* Insists VAT waiver on petroleum products has not been withdrawn
Ndubuisi Francis in Abuja
The Federal Government has dismissed reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products as recommended in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.
In a statement released by the Head, Information and Public Relations Unit, Federal Ministry of Finance, Efe Ovuakporie, the government said the reports misrepresented the content of the IMF report and do not reflect its policy direction.
“The IMF Article IV Consultation Report contains the Fund’s assessment of Nigeria’s economy as well as recommendations for consideration by the authorities. Those recommendations do not amount to government policy and are not binding on Nigeria.
