The Punch

States earn N1.18tn VAT under new formula

Discover how Nigeria's new VAT sharing formula boosted state earnings to N1.18tn in Q1 2026, a 22.35% increase. Learn about ...
INFORMATION NIGERIA

“We Have No Objection To NGF’s’ Proposed VAT Sharing Formula” – Taiwo Oyedele

The Nigerian Governors’ Forum (NGF) has proposed a revised Value-Added Tax (VAT) sharing formula, which has been accepted by the Presidential Committee on Tax Policy and Fiscal Reforms. Taiwo Oyedele, ...
The Nation Newspaper

RMAFC warns FG, NASS against amending VAT sharing formula without its input

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has cautioned the federal government, the National Assembly, and the Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reform ...
Naija Gist - Latest

Governors back Tinubu's tax reform bills, propose new VAT-sharing formula

The governors opposed the terminal clause for TETFUND, NITDA, and NASENI in the sharing of development levies, as well as the increase of VAT as proposed in the bills. The governors made their ...
The Nation Newspaper

RMAFC insists on constitutional right to VAT allocation

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has insisted that it is its remit to produce formulae for sharing revenues, including the Value Added Tax (VAT). In a memorandum ...
Hosted on MSN

Tax reform bills: Stakeholders tackle govs over revised sharing formula on derivation, population, VAT

MAJOR stakeholders, at the weekend, disagreed on the decision of the Nigerian Governors Forum (NGF) to tinker with the provisions on derivation and Valued Added Tax, in the tax reforms bill initiated ...
INFORMATION NIGERIA

Governors Endorse Tax Reform Bills, Propose New VAT Sharing Formula

The Nigeria Governors’ Forum (NGF) has thrown its weight behind the tax reform bills submitted by President Bola Tinubu to the National Assembly. The Governors proposed a revised Value Added Tax (VAT) ...