Governors Propose New VAT Sharing Formula, Approve Tax Bills
The Nigeria Governors’ Forum (NGF) has strongly supported modernizing Nigeria’s tax laws and proposed a revised VAT sharing formula. According to the new formula, 50% of VAT revenue will be distributed based on equality. In a communique issued by NGF Chairman, Kwara State Governor AbdulRahman AbdulRazaq, the forum emphasized the urgent need to reform the…