Nigeria Breaking News
A group, the Citizens Network for Peace and Development in Nigeria (NPDN), has faulted the Nigeria Governors Forum (NGF)’s VAT sharing formula for states in the proposed Tax Reform Bill. The group in its communique issued on the proposed bill at the end of its citizen’s engagement on Friday in Abuja, said that the NGF’s …
The Nigerian Governors’ Forum has thrown its weight behind the ongoing tax reform efforts in the National Assembly but with a crucial caveat: no increase in Value Added Tax (VAT). This stance, articulated in a communique issued following their recent meeting in Abuja, directly contradicts the federal government’s proposal to raise the VAT rate from 7.5% to 10%. …