The Muhammadu Buhari-led administration in an effort to secure $29.9 billion loan facility from international financial institutions will from 2017 likely place a burden of several taxes on citizens and businesses.
This is in a bid to meet the preconditions set for securing the facility from the World Bank.
For one, Nigeria has initiated moves to tax all services rendered by various government agencies and parastatals through incorporating them into the Value Added Tax (VAT) column.
The move is already fueling resentment among the public presently weighed down by an economy hit with the worst recession of its type in the country’s history, and which is already taking its toll on businesses.

Read details: https://www.ripplesnigeria.com/review-multiple-taxation-in-a-recession-all-for-30-bn-loan/

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I don't get the economic team. Taxing already cash strapped society is not good idea. I would like then to cut spending reduce taxes.

I will like to hear what Aregbesola and his co-travellers have to say about this.