The Nigeria Governors’ Forum (NGF) has officially endorsed President Bola Tinubu’s proposed tax reform bills currently under review at the National Assembly.
In a communiqué issued on Thursday, January 16, 2025, following subnational consultations with the Presidential Tax Reform Committee, the governors expressed their support for the bills and proposed an “equitable” sharing formula for Value Added Tax (VAT).
President Tinubu initially submitted four tax reform bills to the National Assembly on October 3, 2024. These include the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
The governors’ backing marks a significant step toward overhauling Nigeria’s tax system, with the proposed reforms expected to enhance revenue collection and allocation across federal and state governments.
