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The Federal Government of Nigeria is expected to generate not less than N2 trillion into the coffers in 2020 when he Value Added Tax (VAT) recently increased to 7.2 per cent is implemented. Going by the increasing revenue already recorded and the government’s plan to expand the VAT net, as well as expected improved remittances from corporate entities and government agencies with poor records, the target would be achieved. The amount represents about 21 percent of the N9.7 trillion of the 2020 budget proposal that would be sent to the National Assembly. While the three tiers of government may get additional revenue from the VAT pool, despite eliciting mixed reactions, the poor masses would surely be at the receiving end, particularly its effects on purchasing power, through possible inflationary pressure in the market. The Nigerian Bureau of Statistics (NBS) put the VAT pool in 2018 at N1.1 trillion, while the…