Nigeria Breaking News
On March 18, 2025, the House of Representatives finally passed the highly contentious tax reform bills sponsored by President Bola Tinubu to upgrade our tax laws. All was set for the Senate to do the same, but for the distractions occasioned by the declaration of state of emergency in Rivers State and the “sexual harassment” …
The Chartered Institute of Taxation of Nigeria (CITN), says the tax reform by the Federal Government is a sign of good things to cone for majority of Nigerians. Mr Samuel Agbeluyi, the President of CITN, said this while speaking to newsmen on Friday in Jos. Agbeluyi is in Jos for CITN’s first Council Meeting for …
President Bola Ahmed Tinubu has commended the Nigeria Governors’ Forum (NGF) for their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly. In a statement issued on Friday by his spokesperson, Bayo Onanuga, Tinubu described the tax reforms as “pro-poor”, emphasizing their role in promoting national interests, enhancing Nigeria’s economic competitiveness, and attracting local and foreign investments. “Thursday’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%. …