The sharp increase in the prices of most goods and services during the last quarter of 1994 in Nigeria were mainly due to?

By: |Published on: Aug 3|Categories: Economics WAEC| 0 comments

A. ban on importation of foreign goods
B. population upsurge
C. the introduction of value-added tax
D. increase in transport costs

Correct Answer:

Option C – the introduction of value-added tax

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