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…
Strong indications emerged on Monday that the Senate is on the verge of holding a public hearing on the Tax Reform Bills, with the aim of presenting them for a third reading and eventual passage. This development was confirmed following a closed-door session of the Senate Ad-hoc committee and key government officials, including the Attorney…
The Kano State Government has strongly expressed opposition to the proposed tax reform bills before the National Assembly. Governor Abba Kabir Yusuf, who spoke through his Deputy, Aminu Abdussalam Gwarzo, declared the government’s position during the 2025 celebration held at the Filin Mahaha, Kofar Naisa open theatre, a statement issued by the deputy governor’s Chief…
The Nigeria Labour Congress, NLC, yesterday insisted on the withdrawal of the Tax Reform Bills forwarded by President Bola Tinubu to the National Assembly for passage to enable all key national stakeholders to be part of the process. Recall that the bills had drawn sharp criticisms from some parts of the country, especially the north,…
President Bola Tinubu unfurled a raft of directives with far-reaching implications in 2024. From the launch of the compressed natural gas (CNG) initiative to the re-adoption of the old national anthem; from the rejig of his cabinet to the controversial tax bills before the national assembly; 2024 was the year Tinubu attempted to steady a…
President Bola Tinubu has stated that his administration’s tax reforms have come to stay. The Nigerian leader stated this on Monday night while speaking during his first presidential media chat in Lagos State. The tax reform bills, which are before the National Assembly, have generated controversies and met push back especially from the Northern leaders,…
Former Speaker of the House of Representatives, Yakubu Dogara, has said that multiple and obsolete taxation has denied Nigeria so much foreign investments over the years as potential investors were scared of setting up their businesses in the country due to the tax system. He stated this on Thursday in Kaduna at a town hall…
The Nigeria Governors Forum (NGF) meeting in Abuja ended without a communiqué, sparking speculation about the discussions. Sources revealed that the governors failed to reach an agreement on the contentious tax reform bills presented by President Bola Tinubu to the National Assembly. The new tax bills have been met with widespread criticism and opposition from…
GISTSMATE MEDIA reports that the senators from the South-Eastern part of Nigeria have declared their support for the President Bola Tinubu’s Tax Reform Bills. This was disclosed via a terse statement shared via the X handle of Senator Orji Uzor Kalu on Monday, December 9. The statement reads: “The Tax Reforms Bills were thoroughly deliberated…
Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has listed ways Tax Reforms will benefit Nigerians. Through a post on his X account on Monday, December 9, Oyedele highlighted ways households and individuals including the youth, small businesses, businesses and investments, high income earners and HNIs and subnational governments…