The Punch

Tax law: VAT hits record N1tn as new sharing era begins

Nigeria's VAT earnings reached a record N1.08tn in January under a new VAT sharing formula, altering revenue splits for ...
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, ...
Business Day

State coffers swell as VAT remittance hits historic N1trn under new formula

Value Added Tax (VAT) collections rose to a record N1.08 trillion in January 2026, marking the first full month under a revised ...
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 ...
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) ...
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 ...