No — but it rises naturally, since you are no longer in the tightest spots where you fold most.
For an 8-max event with antes, 20-25% is a reasonable figure.
I've revised my stance somewhat. In the proper tournament context a loose-aggressive maniac can be extremely threatening. A player opening 40%+ VPIP can exert massive pressure on the table, particularly when in position. On the button, for instance, an ultra-aggressive opponent may raise a very large share of hands when the blinds are playing cautiously or trying to survive.
That aggression can sometimes extend to 3-betting holdings like 72o. Clearly you can't play every hand like that and expect to profit — the goal is to continually put rivals in hard spots and compel them to defend blinds and stacks.
The benefit of a loose-aggressive approach in tournaments is pressure. You can build a stack without waiting for premium cards, attack players trying to move up the payout ladder, pick off blinds and antes, and induce errors.
A tight player might have a stronger average hand when entering a pot, but a skilled LAG can take many pots without showdown. So VPIP reveals (https://www.casino.us/poker/strategy/poker-tells/) something about a player's tendencies, but not automatically how dangerous they are. A 15% player can be easy to read, while a competent 40%+ LAG can be among the toughest opponents at the table.