President Tinubu praises governors for endorsing tax reforms, including a new VAT formula, aimed at improving Nigeria's economy. However, Senator Ali Ndume opposes the 30% VAT share for oil-producing states, calling for a reduction. Public consultations on the tax bills are expected to address...
President Bola Tinubu urges the media to support his proposed tax reforms, emphasizing their role in creating national prosperity. He outlined how these reforms aim to streamline taxes, ease burdens on Nigerians, and foster business growth. Tinubu also highlighted efforts to combat...
Borno Governor Babagana Zulum has expressed concerns over the consequences of President Tinubu’s proposed tax reform bills, particularly the VAT-sharing model. Zulum warns that the formula would benefit Lagos and Rivers while disadvantaging northern, south-east, and south-south states, calling...
A heated debate erupted in the Nigerian Senate as the controversial Tax Reform Bill was discussed without prior inclusion on the Order Paper. Senator Ndume challenged procedural lapses, sparking a shouting match. Despite objections, the FIRS chairman addressed the chamber, highlighting divisions...
Nigeria's government has introduced tax reforms aimed at reducing the tax burden on small businesses and promoting equity across the country. The proposed changes, effective in 2025, are designed to enhance economic growth, with recent GDP growth showing positive results. President Tinubu's...
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