The Nigeria Governors’ Forum, NGF, has rejected moves by the Federal Government to increase Value Added Tax, VAT. The governors, while making their position known after a meeting in Abuja on Thursday, said the move is untimely. According to a communique issued after the meeting, the governors backed President Bola Tinubu’s controversial Tax Reform Bills. The communique reads, “We, members of the Nigeria Governors’ Forum, NGF and Presidential Tax…

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BREAKING: Nigerian Governors reject increase in VAT, back Tinubu's tax reform bills

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Public commentators sometimes have specific issues they focus on. I focus on politics, governance, or administration because it is my academic background. So, when the Governor of Nasarawa State, Abdullahi Sule, was talking in a TV interview lately, all I heard was what he said regarding that aspect. I have always stated here that we

Punch Newspapers

Governor Sule’s take on governance

The Nigeria Governors' Forum (NGF) has greenlighted the tax reform bills of President Bola Tinubu for passage by the National Assembly. The governors made their decision known in a statement issued at the end of a meeting with the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, in Abuja on Thursday, January 16, 2024. Recall some governors had raised concerns over certain provisions in the four-part bills, esp…

Pulse Nigeria

Governors back Tinubu's tax reform bills, propose new VAT-sharing formula

The NGF "reiterated its strong support for the comprehensive reform of Nigeria's archaic tax laws." The post Tax Reform: Governors’ Forum meets Tinubu’s committee, makes recommendations appeared first on Premium Times Nigeria.

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Federal Capital Territory

Tax Reform: Governors' Forum meets Tinubu's committee, makes recommendations

The 36 governors in Nigeria have finally endorsed President Bola Tinubu's tax reform bill and proposed new VAT sharing formula. A breakdown published in video.

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Ikeja

Lagos

Breaking: 36 governors propose VAT sharing formula, breakdown in video

Governors under the aegis of the Nigerian governors Forum (NGF) have unanimously opposed any increase in the Value Added Tax (VAT) rate. This is contained in their communiqué after the governors’ high-level meeting with the Presidential Tax Reform Committee on Thursday in Abuja. The governors emphasised the importance of maintaining economic stability and safeguarding the welfare of citizens during ongoing fiscal reforms. In a significant move t…

Leadership

Sam Nda-Isaiah

JUST-IN: Govs Oppose VAT Increase, Approve New Sharing Formula

The Nigeria Governors Forum (NGF) has announced its decision to endorse a reviewed version of the controversial Tax Reform Bills pending before the National Assembly. In the reviewed version, the sharing of VAT based on derivation has been slashed from 60 per cent as proposed in the original bill, to 30 per cent. The decision to endorse the bills was a clear departure from the hardline posture earlier adopted by the governors when they called on…

The Whistler Nigeria

Governors Endorse Revised Tax Reform Bills As FG Slashes VAT Derivation Based Sharing From 60% To 30%

The Nigeria Governors’ Forum (NGF) has endorsed a revised Value Added Tax (VAT) sharing formula, which it believes will ensure equitable distribution of Nigeria’s resources. The details were disclosed in a communiqué issued on Thursday and signed by AbdulRahman AbdulRazaq, Chairman of the Nigeria Governors’ Forum and Governor of Kwara State. The communiqué was released […] The post Nigerian Governors Forum endorses revised VAT sharing formula, o…

Nairametrics

Nigerian Governors Forum endorses revised VAT sharing formula, other tax reforms

The Nigeria Governors Forum has expressed support for President Tinubu’s tax reform This was disclosed in a statement signed by Kaduna State Governor Uba Sani on Thursday. “The Forum expressed its strong support for reform of the tax system” Sani said. This possibly brings to an end the opposition to the tax reforms by the Governors.President Bola Tinubu had insisted the bills be allowed to go through legislative process. Also, it is not clear i…

Newsdiaryonline

At last, Nigeria Governors support Tinubu's tax reforms

Nigerian governors have thrown their weight behind the Federal Government’s tax reform bills. But they are proposing a new sharing The post Governors back Tax Reform Bills, propose new VAT-sharing formula appeared first on National Accord Newspaper.

BREAKING: Nigerian Governors reject increase in VAT, back Tinubu's tax reform bills

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