Some financial experts say the Federal Government’s proposal to the incoming government to raise the Value Added Tax (VAT) from 7.5 per cent to 10 per cent will boost the nation’s revenues, if properly chanelled. They said this in separate…
…Proposal recipe for social upheaval — Adi Bongo …Collecting more taxes on masses draconic, insensitive — Experts By Uthman Salami, Ridwan Adekunle and Matthew Denis, Abuja Owing to the spate of dwindling Nigeria’s revenue generation, as part of reviving measures…
A Professor of Economics and Public Policy at the University of Uyo, Akwa Ibom State, Akpan Ekpo, has said a further increase in the Value Added Tax (VAT) rate is unnecessary, as it would add to the hardship of Nigerians.…
The Federal Government is yet to implement the payment of Value Added Tax, VAT, on imported Liquefied Petroleum Gas, LPG, the Nigerian NewsDirect reports. LPG, also known as cooking gas marketers confirmed the development to Nigerian NewsDirect on Monday in…
By Tobi Adetunji About three months after the implementation of zero Value Added Tax (VAT) on commercial aircraft and spare parts, the Nigerian Customs Service (NCS) has allegedly restored the collection of 7.5 per cent VAT and sundry charges from…
Only three states in Nigeria can survive without support from the Federal Government. This was disclosed in BudgIT’s report ‘State of States, 2021 edition: Fiscal Options for Building Back Better’ released on Tuesday. According to BudgIT, these three states are…
Northern State Governors on Monday held an emergency meeting in Kaduna to discuss the progress and major concerns of the region. Gov. Simon Lalong of Plateau State and Chairman, Northern States Governors Forum, said the 19 governors would also look…
Amid the dispute between the Federal Inland Revenue Service and the Rivers State Government over the collection of Value Added Tax and the order by the Court of Appeal directing the parties to maintain the status quo, the Lagos Chamber…
By Samuel Omojoye BACKGROUND TO THE DISPUTE It is apparent from ongoing discourse that the judgment of the Federal High Court (FHC) in the case of Attorney General for Rivers State (“AG Rivers”) v Federal Inland Revenue Service (FIRS) &…
The Director-General of the Progressives Governors Forum, Dr. Salihu Lukman, has said it was time for Nigerian politics to be refocused to tap into the productive potential of each state instead of the current debate on revenue sharing. Lukman said…
