Analysts See Broad Consumer Price Pressure After Gas VAT

Analysts See Broad Consumer Price Pressure After Gas VAT

Author: Africa Business Radio September 7, 2021 Duration: 15:35
News Express
Business
A universe of Business A.M.’s analysts' community says they see the situation in the long and broad view of consumer price pressure. According to them the rise in the price of the commodity only adds to the pressure faced by Nigerian consumers who are already buffeted in many areas of their daily life, especially in relation to the high prices of many items in the economy.
The reintroduction of VAT on imported cooking gas, say some economic analysts, only suggests that Nigerians should brace up for further price pressures on the commodity in the short term, with the attendant pass-on effect on other commodities in the economy.

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