State governors under the aegis of Nigeria Governors’ Forum (NGF) Thursday announced their rejection of the proposed increase of the Value Added Tax (VAT) but expressed support for the Tax Reform Bills currently at the National Assembly. The group, in a statement on Thursday, proposed an “equitable” sharing formula for value-added tax (VAT). The development was an outcome of a meeting between the NGF and the Presidential Tax Reform Committee, convened on January 16, 2025, to deliberate on critical national issues, including the reform of Nigeria’s fiscal policies and tax…
Read MoreTAX REFORMS: GOVERNORS BACK TINUBU, REJECT VAT INCREASE
