Tag: VAT

Nigeria’s Revenue at Risk: Experts Warn Against VAT Rate Freeze Amid Reform

The Nigerian Economic Summit Group (NESG) has issued a stark warning: the…

Genesis Obong

Customs Implement Import Taxes Exemption on Pharma Inputs

In a strategic move aimed at fortifying Nigeria's healthcare infrastructure and fostering…

Genesis Obong

Tax Reform Bills Advance in House of Representatives After Committee Approval

President Bola Tinubu's proposed tax reform legislation has moved forward in Nigeria's…

Oluwadara Akingbohungbe

House Approves Tax Reforms, Rejects VAT Hike Amidst Public Concern

After rigorous clause-by-clause scrutiny, lawmakers opted to maintain the existing 7.5% Value…

Genesis Obong

Record N1.7 Trillion Windfall: FAAC Pours Funds into Government Coffers

The Federation Account Allocation Committee (FAAC) has disbursed a staggering N1.703 trillion…

Genesis Obong

Nigeria Tax Bill Proposes VAT Exemptions on Essential Goods

The 2024 Nigeria Tax Bill, currently making its way through the legislative…

Genesis Obong

Nigerian Tax Reform: A Balancing Act Between Revenue and Relief

The Federal Government is embarking on a bold tax reform aimed at…

Genesis Obong

Lagos Leads as States Generate N7.42trn in VAT Revenue for 2024

States across Nigeria collectively generated N7.42 trillion in Value Added Tax (VAT)…

Yusuf Abubakar