Nigeria's Ministry of Finance has reportedly issued the Value Added Tax (Modification Order) 2020, which clarifies and expands the list of VAT exempt goods as per amendments made by the Finance Act 2019, including an exemption for basic food items. The Order provides that basic food items refers to agro and aqua based staple foods including:
- Honey, raw or semi-processed
- Bread, white and brown
- Cereals, such as maize, rice, wheat, millet, barley, oats, and others supplied as grain, flour, etc.…