BREAKING: Nigerian Governors Back Tax Reform Bills, Propose VAT Sharing Formula

The Nigeria Governors’ Forum (NGF) has finally thrown its weight behind the proposed tax reform bills currently at the national assembly. In a statement on Thursday, the group 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…

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Nigeria’s Debt Service-To-Revenue Ratio Drops 32% In 17 Months – Tinubu

President Bola Tinubu on Monday announced that Nigeria’s debt service-to-revenue ratio has decreased from approximately 97 per cent when he assumed office 17 months ago to 65 per cent currently. Tinubu stated that his administration has managed to keep the country afloat despite inheriting an economy on the brink of bankruptcy. The President stated while…

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