The Presidential Fiscal Policy and Tax Reforms Committee and the Revenue Mobilisation Allocation and Fiscal Commission are locked in a dispute over the constitutional rights to administer and allocate ...

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 ...

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has expressed its opposition to the proposed changes to the Value Added Tax (VAT) sharing formula contained in the Tax Reform Bills ...

Some stakeholders have rejected the Nigeria Governors Forum’s (NGF) proposed Value Added Tax (VAT) sharing formula, allocating 50 percent based on equity, 30 percent based on derivation and 20 percent ...

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has rejected the proposed changes to the Value Added Tax (VAT) sharing formula included in the Tax Reform Bills currently before the ...

States received N1.18tn from Value Added Tax revenue generated in the first quarter of 2026, following the commencement of the new VAT sharing formula, an analysis of Federation Account Allocation ...

Lagos State is set to be the biggest loser of the new value-added tax (VAT) revenue-sharing formula for Nigeria’s sub-nationals, proposed by a presidential tax advisory body. The revelation comes from ...

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The Nigeria Governors’ Forum has reiterated its strong support for the comprehensive reform of Nigeria’s outdated tax laws and approved a revised Value Added Tax distribution formula, with 50% ...

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) ...