-
Featured: Latest Nigerian News
vat increase
-
Nigeria Federal, State, LGs Receive ₦1.7 Trillion in January FAAC Allocation
The Federation Account Allocation Committee (FAAC) distributed ₦1.703 trillion among the federal, state, and local governments for January 2025. VAT revenue rose by ₦122 billion, while gross statutory revenue increased by 33.6%. The federal government received ₦552.6 billion, states ₦590.6...- Nigeria News
- Article
- 1 min read
- faac allocation government funds nigeria revenue statutory revenue vat increase
- Category: Business
-
Nigeria FG Eyes VAT Hike to 10% as Part of Major Tax Reforms
The Nigerian government plans to increase value-added tax (VAT) from 7.5% to 10%, as revealed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The proposal aims to enhance tax revenue while concurrently reducing personal income tax for low earners and...- Nigeria News
- Article
- 2 min read
- 10 percent tax reforms value-added tax vat increase
- Category: Business
-
Nigeria Nigerians Fume as FG Considers VAT Hike Amid Economic Hardship
The presidential committee advocates for a VAT rate hike, proposing adjustments in revenue-sharing. Taiwo Oyedele highlights plans to reduce the federal government's share to 10%, allocating 90% to states and local governments. The Nigerian Federal Government, through the presidential committee...- Nigeria News
- Article
- 1 min read
- fiscal policy president tinubu tax policy value-added tax vat vat increase
- Category: Politics
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.