Massimo De Luca, Head of Cooperation and Delegation of the EU to Nigeria and ECOWAS, gave the verdict at the 4th Session of the Steering Committee of the Support Programme for Fiscal Transition in West Africa (PAFT) in Abuja, yesterday.

According to the  EU official, VAT administration in the country also lacks transparency, as Businesses cannot be sure of recouping the VAT they pay on purchases, making compliance difficult, especially for Small and Medium Enterprises (SMEs).