More facts have emerged as to how President Bola Ahmed Tinubu and the 36 state governors of the federation finally arrived at a consensus on the contentious tax reform bills. The president, yesterday, issued a statement praising the governors who, speaking under the umbrella of the Nigeria Governors Forum (NGF), announced some adjustments to the tax bills. Thereafter, less than …

Governors have backed the Federal Government’s tax reform bills, while proposing a new sharing formula for value-added tax (VAT). According to the NGF, the new VAT sharing formula would be 50 per cent based on equality, 30 per cent on derivation, and  20 per cent on population. Following a meeting of the Nigeria Governors’ Forum (NGF) and the Presidential Tax …

The Coalition of Northern Groups (CNG) Kaduna State Chapter, has kicked against the current Tax reform Bill which is before the National Assembly, calling for wider consultations before legislation. In a communique issued to newsmen after a town hall meeting by Comrade Muhammed Sanusi Ali unbehalf of 134 Kaduna Based Civil Society Organizations / Non Governmental Organizations read in part, …

The Senate Leader, Opeyemi Bamidele, has emphasised the importance of tax reforms as part of a broader legislative agenda aimed at economic restoration and national development. In his Christmas message on Wednesday, the senator underscored the need for a collective effort to address Nigeria’s challenges, particularly through innovative legislative measures. Drawing from the teachings of Christ, Senator Bamidele called for …

A Northern good governance advocacy group, Northern Star Youth Empowerment Initiative has rejected the Federal Government’s tax reform bill, now before the National Assembly. The group describes itself as a non political, non tribal and non religious youth movement that aims at uniting and protecting the interests of the North. It said it is a pressure group that promotes good …

President Bola Tinubu transmitted four tax reform bills to the national assembly on 3 October 2024. The bills are the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill. Together, these bills would overhaul tax administration and revenue generation in Nigeria, as many of the provisions contained …

States of the federation were split over the controversial Tax Reform Bills before the National Assembly. While some are in support, many are against it entirely, while others are kicking against some sections. A number of states said they are still studying the bills to take a stand. The division among the states came as the Presidency debunked insinuations that …

Yakubu Dogara has called for calm over the northern region’s criticism of the Tax Reform Bills before the National Assembly. Since the introduction of the bills before the National Assembly, prominent figures in the northern region have faulted them. Millions of others in the region have called for a review of the bills which most of them described as against …

The Chairman, Senate Committee on Ecology and Climate Change, Seriake Dickson (PDP, Bayelsa West), has said the National Assembly will pass the tax reform bills despite opposition from different quarters. In an interview with newsmen in Abuja on Monday, Dickson said the bills would be passed like the Petroleum Industry Bill (PIB), stressing that heavens would not fall when the …

As the controversy over the Tax Reform Bills continues to rage, experts have weighed in, calling for restraint and patriotism among Nigerians. Since their introduction – they have been sent to the National Assembly – the bills have attracted criticism in several parts of the country. Some claim they are targeted against the northern region with millions arguing they will …