NewStats: 3,263,537 , 8,180,473 topics. Date: Friday, 06 June 2025 at 11:59 AM 4g6g6h

The fact that it's ed by Yorubas like Tinubu, Buhari, 'Remove Fuel Subsidy', APC, and Awolowo makes me suspicious.

Can anyone explain the bill? The ups and downs or what the bill is aiming to do? Also why is the North against it?

The VAT reform portion of the bill is not fully understood yet.

Nobody can tell you at this point with certainty how much VAT each state is estimated to collect based on this proposed reform. We need to see the numbers. How will VAT change with the proposed reforms?

Below is the VAT revenue collected for the month of August 2024. Lagos generated the highest VAT of N249.77 billion while Imo generated the lowest VAT of N235 million.

1. Lagos State: ₦249.77 billion
2. Rivers State: ₦70.54 billion
3. Oyo State: ₦20.11 billion
4. Abuja FCT: ₦18.17 billion
5. Delta State: ₦13.09 billion
6. Bayelsa State: ₦7.12 billion
7. Kano State: ₦4.65 billion
8. Akwa Ibom State: ₦4.49 billion
9. Anambra State: ₦4.28 billion
10. Edo State: ₦4.05 billion
11. Ekiti State: ₦3.66 billion
12. Borno State: ₦3.00 billion
13. Kwara State: ₦2.89 billion
14. Adamawa State: ₦2.59 billion
15. Plateau State: ₦2.58 billion
16. Benue State: ₦2.56 billion
17. Gombe State: ₦2.55 billion
18. Kogi State: ₦2.43 billion
19. Kaduna State: ₦2.03 billion
20. Ebonyi State: ₦1.90 billion
21. Taraba State: ₦1.88 billion
22. Sokoto State: ₦1.84 billion
23. Osun State: ₦1.81 billion
24. Ogun State: ₦1.74 billion
25. Niger State: ₦1.73 billion
26. Yobe State: ₦1.71 billion
27. Katsina State: ₦1.68 billion
28. Jigawa State: ₦1.59 billion
29. Nasarawa State: ₦1.47 billion
30. Ondo State: ₦1.45 billion
31. Enugu State: ₦1.08 billion
32. Cross River State: ₦1.08 billion
33. Bauchi State: ₦691.28 million
34. Kebbi State: ₦665.17 million
35. Abia State: ₦663.42 million
36. Zamfara State: ₦432.80 million
37. Imo State: ₦235.41 million

How will VAT reform change these numbers? For example, how much VAT should've been paid to Abia that was paid to Lagos?

On the question why many politicians from the North are against it, notice that out of the top 10 lowest VAT states, North is 50%. In fact, checking the top 20 lowest VAT states, North is 60%.

Many South East states are also among the lowest VAT generating states. 3 out of the top 10 lowest VAT states are from the SE.

You may also notice that 3 of the top 10 lowest VAT states are oil producing states. Most of their oil revenue is distributed to other states, but the new VAT proposal is trying to let high VAT generating states like Lagos keep most of the revenue. Is this fair?

givedemwotowoto:
The VAT reform portion of the bill is not fully understood yet.

Nobody can tell you at this point with certainty how much VAT each state is estimated to collect based on this proposed reform. We need to see the numbers. How will VAT change with the proposed reforms?

Below is the VAT revenue collected for the month of August 2024. Lagos generated the highest VAT of N249.77 billion while Imo generated the lowest VAT of N235 million.

1. Lagos State: ₦249.77 billion
2. Rivers State: ₦70.54 billion
3. Oyo State: ₦20.11 billion
4. Abuja FCT: ₦18.17 billion
5. Delta State: ₦13.09 billion
6. Bayelsa State: ₦7.12 billion
7. Kano State: ₦4.65 billion
8. Akwa Ibom State: ₦4.49 billion
9. Anambra State: ₦4.28 billion
10. Edo State: ₦4.05 billion
11. Ekiti State: ₦3.66 billion
12. Borno State: ₦3.00 billion
13. Kwara State: ₦2.89 billion
14. Adamawa State: ₦2.59 billion
15. Plateau State: ₦2.58 billion
16. Benue State: ₦2.56 billion
17. Gombe State: ₦2.55 billion
18. Kogi State: ₦2.43 billion
19. Kaduna State: ₦2.03 billion
20. Ebonyi State: ₦1.90 billion
21. Taraba State: ₦1.88 billion
22. Sokoto State: ₦1.84 billion
23. Osun State: ₦1.81 billion
24. Ogun State: ₦1.74 billion
25. Niger State: ₦1.73 billion
26. Yobe State: ₦1.71 billion
27. Katsina State: ₦1.68 billion
28. Jigawa State: ₦1.59 billion
29. Nasarawa State: ₦1.47 billion
30. Ondo State: ₦1.45 billion
31. Enugu State: ₦1.08 billion
32. Cross River State: ₦1.08 billion
33. Bauchi State: ₦691.28 million
34. Kebbi State: ₦665.17 million
35. Abia State: ₦663.42 million
36. Zamfara State: ₦432.80 million
37. Imo State: ₦235.41 million

How will VAT reform change these numbers? For example, how much VAT should've been paid to Abia that was paid to Lagos?

On the question why many politicians from the North are against it, notice that out of the top 10 lowest VAT states, North is 50%. In fact, checking the top 20 lowest VAT states, North is 60%.

Many South East states are also among the lowest VAT generating states. 3 out of the top 10 lowest VAT states are from the SE.

You may also notice that 3 of the top 10 lowest VAT states are oil producing states. Most of their oil revenue is distributed to other states, but the new VAT proposal is trying to let high VAT generating states like Lagos keep most of the revenue. Is this fair?

It's possible Lagos will still generate much VAT because of the population in Lagos but the VAT will spread. Imagine you bought a bottle of Pepsi in Onitsha but the VAT is paid to Lagos because that's where Pepsi head office in Nigeria is, instead of the VAT to have gone to the state where you bought the Pepsi from.

I think what's fair is if the tax was paid to the state of consumption. Which is what the bill is proposing.

The reason those states in your lists generate such little tax is because their tax is unfairly paid to Lagos.

A state like Kano, Kaduna will earn more tax this way than they are presently earning.

That's what is fair.

There other aspects of the Tax reform but that's about VAT.

alanto:

It's possible Lagos will still generate much VAT because of the population in Lagos but the VAT will spread. Imagine you bought a bottle of Pepsi in Onitsha but the VAT is paid to Lagos because that's where Pepsi head office in Nigeria is, instead of the VAT to have gone to the state where you bought the Pepsi from.

I think what's fair is if the tax was paid to the state of consumption. Which is what the bill is proposing.

The reason those states in your lists generate such little tax is because their tax is unfairly paid to Lagos.

A state like Kano, Kaduna will earn more tax this way than they are presently earning.

That's what is fair.

There other aspects of the Tax reform but that's about VAT.

My point is, show us the numbers let’s see and decide. Don’t this bill in such a hurry when it’s not fully understood.

From what you posted, you don’t fully understand it yourself, because you should be able to tell me that in August 2024, instead of N663 million, Abia was supposed to generate N7 billion if companies had paid VAT to Abia and not their headquarters in Lagos.

Show us the numbers before we decide, that’s my point. Don’t just confuse us with “states will generate more if this and that happened” and we blindly agree to what we don’t fully understand.

FIRS has the data, show it to us. Don’t be in such a hurry because it’s suspicious

givedemwotowoto:


My point is, show us the numbers let’s see and decide. Don’t this bill in such a hurry when it’s not fully understood.

From what you posted, you don’t fully understand it yourself, because you should be able to tell me that in August 2024, instead of N663 million, Abia was supposed to generate N7 billion if companies had paid taxes to Abia and not their headquarters in Lagos.

Show us the numbers before we decide, that’s my point. Don’t just confuse us with “states will generate more if this and that happened” and we blindly agree to what we don’t fully understand.

FIRS has the data, show it to us. Don’t be in such a hurry because it’s suspicious

The Tax Reform Bill is what we call pure justice, I'm a muslim but these people in the North like to hide under the Sharia and exercise their hypocrisy.

Sharia forbids us to not drink alcohol or take any proceeds from its sales

The North have quite a number of times destroyed alcoholic drinks that are North-bound

As the true muslim they call themselves, they don't want haram businesses in their region and that's understandable

So why are you as muslim want to spend from the money gotten from haram business

These VATs are generated from the South from business the North believe is haram but somehow want good share of the proceed

The North have been living on the resources from South in the name of unity and this has to stop

Ofodirinwa:
The fact that it's ed by Yorubas like Tinubu, Buhari, 'Remove Fuel Subsidy', APC, and Awolowo makes me suspicious.

Can anyone explain the bill? The ups and downs or what the bill is aiming to do? Also why is the North against it?

The Tax Reform Bill is like a cloned Resource Control. That's the simple explanation.

However, as a Southerner, I this Bill 100%.

Let Nigeria try a new thing.

Only a fool repeats the same mistake a million times and expects a change. I urge the North to be bold enough to embrace this reform. It will kill laziness. Let every State work harder to better their lives.

It should be noted that, for us to remain as a country each federating unit must be independent of each other like the USA. Nigeria is too big to be sharing resources from one pot. If this is not accepted, then we go our separate ways. Simple and short!

Tajbol4splend:
The Tax Reform Bill is what we call pure justice, I'm a muslim but these people in the North like to hide under the Sharia and exercise their hypocrisy.

Sharia forbids us to not drink alcohol or take any proceeds from its sales

The North have quite a number of times destroyed alcoholic drinks that are North-bound

As the true muslim they call themselves, they don't want haram businesses in their region and that's understandable

So why are you as muslim want to spend from the money gotten from haram business

These VATs are generated from the South from business the North believe is haram but somehow want good share of the proceed

The North have been living on the resources from South in the name of unity and this has to stop

Why is VAT revenue getting quick justice but oil revenue can’t get justice?

Though the North is the one kicking against this bill, oil producing states should be kicking against it also. Let’s include oil/gas revenue reform in that bill so that it’s fair for everyone.

Abia generates oil and you send much it to Lagos based on population and other factors, but now you’re trying to make Lagos keep most of its VAT?

givedemwotowoto:


My point is, show us the numbers let’s see and decide. Don’t this bill in such a hurry when it’s not fully understood.

From what you posted, you don’t fully understand it yourself, because you should be able to tell me that in August 2024, instead of N663 million, Abia was supposed to generate N7 billion if companies had paid VAT to Abia and not their headquarters in Lagos.

Show us the numbers before we decide, that’s my point. Don’t just confuse us with “states will generate more if this and that happened” and we blindly agree to what we don’t fully understand.

FIRS has the data, show it to us. Don’t be in such a hurry because it’s suspicious

Don't mind those guys; they know the game they're playing.
If they're serious, they should go for full resource control, and not just VAT/tax bill that will favour them.

Heffalump:



The Tax Reform Bill is like a cloned Resource Control. That's the simple explanation.

However, as a Southerner, I this Bill 100%.

Let Nigeria try a new thing.

Only a fool repeats the same mistake a million times and expects a change. I urge the North to be bold enough to embrace this reform. It will kill laziness. Let every State work harder to better their lives.

The bill should be rejected and sent back to the presidency to include oil reforms. You can’t share most of oil revenue to FG and states, but now realize that high VAT states should keep most of their revenue. What is good for the goose is good for the gander.

Once oil reform is included at the same proportion the VAT revenue is being shared, I believe every southern state will back it 100%.

Free2Fly:


Don't mind those guys; they know the game they're playing.
If they're serious, they should go for full resource control, and not just VAT/tax bill that will favour them.

They have been sharing most of oil revenue among FG and states but suddenly when one state starts generating high VAT, they “fairness” while still conveniently forgetting fairness with oil revenues

givedemwotowoto:


Why is VAT revenue getting quick justice but oil revenue can’t get justice?

Though the North is the one kicking against this bill, oil producing states should be kicking against it also. Let’s include oil/gas revenue reform in that bill so that it’s fair for everyone.

Abia generates oil and you send much it to Lagos based on population and other factors, but now you’re trying to make Lagos keep most of its VAT?

because ndi oil revenue have low brain processing capacity. Who will make the oil a priority?
Is it Amaechi that gave his entire looted fortune to APC for cabinet position? Wike?
Asari Dokubo?
Akpabio who dashed his destiny long ago?
All of the mumu Bayelsa and Delta governors?

I commend Tinubu for at least being intelligent and tactful. Evil, but tactful. Someone like that can make an agenda happen. More Tompolo who sold his entire movement for a loaf of bread

If this VAT succeeds 100 percent resource control should be considered so states that generate oil and gas should do with their resources proceeds as they wish.

Tajbol4splend:
The Tax Reform Bill is what we call pure justice, I'm a muslim but these people in the North like to hide under the Sharia and exercise their hypocrisy.

Sharia forbids us to not drink alcohol or take any proceeds from its sales

The North have quite a number of times destroyed alcoholic drinks that are North-bound

As the true muslim they call themselves, they don't want haram businesses in their region and that's understandable

So why are you as muslim want to spend from the money gotten from haram business

These VATs are generated from the South from business the North believe is haram but somehow want good share of the proceed

The North have been living on the resources from South in the name of unity and this has to stop

u took those words from my mouth

Imagine banning alcohol n betting in your region, that means u won't share money from alcohol n betting now

Another thing is that monkey dey work baboon dey chop will stop n it will make governor's sit tight

They have to use their brain to develop their state n think of what will bring in money n how investors will come

Majorly it will reduce corruption because once u don't generate much money n d money on ground is not even enough

E go hard before a governor will think of stealing something huge

givedemwotowoto:


The bill should be rejected and sent back to the presidency to include oil reforms. You can’t share most of oil revenue to FG and states, but now realize that high VAT states should keep most of their revenue. What is good for the goose is good for the gander.

Once oil reform is included at the same proportion the VAT revenue is being shared, I believe every southern state will back it 100%.

u are still a kid n u think gra gra will do it

It's just a gradual process, u can't introduce everything at d same time

U never thought about this one day n wait n see what is up in stock

Ofodirinwa:


because ndi oil revenue have low brain processing capacity. Who will make the oil a priority?
Is it Amaechi that gave his entire looted fortune to APC for cabinet position? Wike?
Asari Dokubo?
Akpabio who dashed his destiny long ago?
All of the mumu Bayelsa and Delta governors?

I commend Tinubu for at least being intelligent and tactful. Evil, but tactful. Someone like that can make an agenda happen. More Tompolo who sold his entire movement for a loaf of bread

so south south people are stupid but only igbos are wise


So tompolo should b insulted because he's not destroying his region like kanu n ekpa?

Ofodirinwa:
The fact that it's ed by Yorubas like Tinubu, Buhari, 'Remove Fuel Subsidy', APC, and Awolowo makes me suspicious.

Can anyone explain the bill? The ups and downs or what the bill is aiming to do? Also why is the North against it?

Tinubu's new Tax Reforms Summarized

1. Any business with less than N50million turnover are exempted from tax payment.

2. over 90% of workers in public and private sector will no longer pay income tax.

3. Over 82% of what low income persons consume will be VAT free.

4. scrapping over 50 nuisance tax suffered by local businesses.

5. VAT will no longer be calculated base on where the companies have their headquarters but where their goods are consume.

6. the rich to pay more tax while the poor will stop paying taxes..

7. Consumption tax collected by states will be eliminated completely.

8. FG share of VAT to reduce from 15% to 10% as states and LGAs now get 90%.

9. Those earning less than N1.7m monthly will now pay less income tax.

10. Customs, NUPRC and other govt agencies will no longer collect tax as only one Agency will be responsible for collection of all taxes in NGR.

11. Those receiving less than N9million per anum could have their income tax cut by half.

12. The bill could lead to abolition of other multiple tax laws like the stamp duty act.

13. Over 90% of small business would no longer pay profit tax.

14. Gradual increase of VAT from 10% in 2025 to 15% in 2030... With almost every goods consume by low income earners exempted from VAT.

15. Many NGR companies pay over 60 types of different tax & levies... The bill seeks to end this factor killing NGR industries.


Additional:

VAT will no longer be calculated base on where the companies have their headquarters but where their goods are consume. "

Yet, the North says this will put more VAT in Lagos? Are the headquarters not in Lagos? Is this not against Lagos?

This nation needs restructuring

Free2Fly:


Don't mind those guys; they know the game they're playing.
If they're serious, they should go for full resource control, and not just VAT/tax bill that will favour them.

Look at the gbas gbos over VAT control, what do you think will happen if they went straight to resource control, be realistic.

Important element of the Tax reform is the fact that VAT is paid where stuff is consumed. Every single taxable commodity is effectively now an open field.

It is up to state governors to make their states attractive to people to live in, make their states attractive for Industries to be based in.

For example, if you have a Hisbah army running around raging against alcohol, do not complain when neighbouring states are making a ton of money from VAT directly or indirectly related to alcohol.

Lagos state might have a head start over others right now but other states could eventually catch up with very robust and aggressive pitch to industry.

A complete win win for state s with foresight, a no no for those brain dead ones who have a fictsfion on security monies and zero interest in their constituents.

givedemwotowoto:
The VAT reform portion of the bill is not fully understood yet.

Nobody can tell you at this point with certainty how much VAT each state is estimated to collect based on this proposed reform. We need to see the numbers. How will VAT change with the proposed reforms?

Below is the VAT revenue collected for the month of August 2024. Lagos generated the highest VAT of N249.77 billion while Imo generated the lowest VAT of N235 million.

1. Lagos State: ₦249.77 billion
2. Rivers State: ₦70.54 billion
3. Oyo State: ₦20.11 billion
4. Abuja FCT: ₦18.17 billion
5. Delta State: ₦13.09 billion
6. Bayelsa State: ₦7.12 billion
7. Kano State: ₦4.65 billion
8. Akwa Ibom State: ₦4.49 billion
9. Anambra State: ₦4.28 billion
10. Edo State: ₦4.05 billion
11. Ekiti State: ₦3.66 billion
12. Borno State: ₦3.00 billion
13. Kwara State: ₦2.89 billion
14. Adamawa State: ₦2.59 billion
15. Plateau State: ₦2.58 billion
16. Benue State: ₦2.56 billion
17. Gombe State: ₦2.55 billion
18. Kogi State: ₦2.43 billion
19. Kaduna State: ₦2.03 billion
20. Ebonyi State: ₦1.90 billion
21. Taraba State: ₦1.88 billion
22. Sokoto State: ₦1.84 billion
23. Osun State: ₦1.81 billion
24. Ogun State: ₦1.74 billion
25. Niger State: ₦1.73 billion
26. Yobe State: ₦1.71 billion
27. Katsina State: ₦1.68 billion
28. Jigawa State: ₦1.59 billion
29. Nasarawa State: ₦1.47 billion
30. Ondo State: ₦1.45 billion
31. Enugu State: ₦1.08 billion
32. Cross River State: ₦1.08 billion
33. Bauchi State: ₦691.28 million
34. Kebbi State: ₦665.17 million
35. Abia State: ₦663.42 million
36. Zamfara State: ₦432.80 million
37. Imo State: ₦235.41 million

How will VAT reform change these numbers? For example, how much VAT should've been paid to Abia that was paid to Lagos?

On the question why many politicians from the North are against it, notice that out of the top 10 lowest VAT states, North is 50%. In fact, checking the top 20 lowest VAT states, North is 60%.

Many South East states are also among the lowest VAT generating states. 3 out of the top 10 lowest VAT states are from the SE.

You may also notice that 3 of the top 10 lowest VAT states are oil producing states. Most of their oil revenue is distributed to other states, but the new VAT proposal is trying to let high VAT generating states like Lagos keep most of the revenue. Is this fair?

Are Niger Deltans not getting majority of the oil revenue? Even after getting 13% derivatives, they still get more than other states in the sharing formula. So why shouldn’t VAT generators too get more than VAT parasites?

Free2Fly:


Don't mind those guys; they know the game they're playing.
If they're serious, they should go for full resource control, and not just VAT/tax bill that will favour them.

If not that you are shallow minded, then you should think that it is one step at a time. This should give oil producing states the leverage to ask for more from their oil sales. They just need to wait for about three months after the VAT bills are ed and then ask for their own too

simpleseyi:


If not that you are shallow minded, then you should think that it is one step at a time. This should give oil producing states the leverage to ask for more from their oil sales. They just need to wait for about three months after the VAT bills are ed and then ask for their own too

Shallow minded kiii you and your useless cunning and selfish people there!
Which one step at a time?
T!efnubu will do resource control that will not favour most SW states for you??
Why didn't he start with it??
You think you're hateful, tribalistic and smart all at the same time?
You cornered every federal appointment for yourselves without thinking about the "South" but now want to use them to achieve your selfish interests!
Common, get out!

givedemwotowoto:


My point is, show us the numbers let’s see and decide. Don’t this bill in such a hurry when it’s not fully understood.

From what you posted, you don’t fully understand it yourself, because you should be able to tell me that in August 2024, instead of N663 million, Abia was supposed to generate N7 billion if companies had paid VAT to Abia and not their headquarters in Lagos.

Show us the numbers before we decide, that’s my point. Don’t just confuse us with “states will generate more if this and that happened” and we blindly agree to what we don’t fully understand.

FIRS has the data, show it to us. Don’t be in such a hurry because it’s suspicious

That is the conversation they don't want us to have.

Ofodirinwa:


because ndi oil revenue have low brain processing capacity. Who will make the oil a priority?
Is it Amaechi that gave his entire looted fortune to APC for cabinet position? Wike?
Asari Dokubo?
Akpabio who dashed his destiny long ago?
All of the mumu Bayelsa and Delta governors?

I commend Tinubu for at least being intelligent and tactful. Evil, but tactful. Someone like that can make an agenda happen. More Tompolo who sold his entire movement for a loaf of bread

The Niger Delta aren't the only oil producing communities in Nigeria. There are other states that pumps out thousands of barrels too.

If the Niger Deltans have low capacity brains, the people from these states should be at the forefront of the struggle since they are superior. Or do you think the 13% derivatives is only affecting Delta or Bayelsa?

The oil producing communities in Imo are still facing similar challenges as their counterparts in the Delta. The Ilajes could barely fish again because their waters have been so damaged by the consistent oil exploration.

Let Ondo, Imo etc fight since they have superior brains. After all, they aren't minorities.

Free2Fly:


Shallow minded kiii you and your useless cunning and selfish people there!
Which one step at a time?
T!efnubu will do resource control that will not favour most SW states for you??
Why didn't he start with it??
You think you're hateful, tribalistic and smart all at the same time?
You cornered every federal appointment for yourselves without thinking about the "South" but now want to use them to achieve your selfish interests!
Common, get out!

Thankfully, people like you are becoming a noisy minority even within the Obidient movement on this.

The good thing about this Reform Bill discussion is that Nairaland is slowly getting back to the nice intellectual discussion forum it once was were posters displaying imbecility were clearly identifiable outliers.

Efewestern:


The Niger Delta aren't the only oil producing communities in Nigeria. There are other states that pumps out thousands of barrels too.

If the Niger Deltans have low capacity brains, the people from these states should be at the forefront of the struggle since they are superior. Or do you think the 13% derivatives is only affecting Delta or Bayelsa?

The oil producing communities in Imo are still facing similar challenges as their counterparts in the Delta. The Ilajes could barely fish again because their waters have been so damaged by the consistent oil exploration.

Let Ondo, Imo etc fight since they have superior brains. After all, they aren't minorities.

If Imo speaks, Niger Delta and Ondo will back the north. Luckily, Imo ppl will be fine regardless

Ofodirinwa:


If Imo speaks, Niger Delta and Ondo will back the north. Luckily, Imo ppl will be fine regardless

How do you know this and even has it happened before?

aswani:


How do you know this and even has it happened before?

you must be young. If you haven't seen in yet I'll give you 4 years

Here are 23 things you probably didn’t know about Tinubu’s tax reforms:

1. Income Tax Relief for Low Earners
If you earn ₦800,000 or less annually, you’ll no longer pay income tax—saving ₦84,000 yearly.


2. Higher Threshold for Maximum Tax Rates
Only those earning above ₦50 million will pay a 25% income tax rate, unlike the current threshold of ₦3.2 million.

3. Small Business Tax Exemptions
Businesses with turnovers below ₦50 million won’t pay income tax—a jump from the current ₦25 million threshold.

4. Reduction in Corporate Tax Rates
Medium and large companies will see corporate taxes drop from 30% to 25% by 2026.


5. Elimination of ‘Minimum Tax’
Companies that fail to declare profits will no longer face a mandatory 1% gross earnings tax.

6. Lower Burden on Big Firms
A new 2% development levy replaces the current 3.75% in additional taxes—directly funding student loans from 2030.

7. Changes to VAT Sharing Formula
States will now receive 55% of VAT revenue, up from 50%, while the federal government’s share drops from 15% to 10%.

8. Progressive VAT Increase
VAT rates will rise gradually from 7.5% today to 15% by 2030—but basic necessities like food and medicine remain exempt.

9. Affordable Food and Essentials
No VAT will be charged on food items, electricity, school fees, or medical services, ensuring prices stay low for the poor.

10. Investment Incentives in Gas
Tax breaks encourage both associated and non-associated gas projects to boost energy supply.

Revolutionizing Tax istration

The Nigeria Tax istration Bill introduces new ways to ensure compliance and fairness:

11. Catching Tax Evaders
High spenders (₦25 million/month for individuals, ₦100 million/month for businesses) are flagged for tax audits via bank records.

12. Payment Flexibility
Taxes assessed in foreign currencies can now be paid in Naira at official exchange rates.

13. Streamlined Collections
The Nigeria Revenue Service (NRS) will take over tax collection from agencies like Customs, enabling regulatory bodies to focus on oversight.

14. Tax Refund Guarantees
Funds for verified tax refunds will be deducted from collections to ensure prompt payments.

Empowering Local Governments and Simplifying Taxes.
The t Revenue Board Establishment Bill is equally transformative:

15. Local Revenue Committees
LGAs will manage taxes, fines, and rates within their jurisdictions to boost efficiency.

16. Harmonized Offenses and Penalties
Tax laws will now have uniform penalties to improve compliance nationwide.

17. Dispute Resolution
A Tax Appeal Tribunal will settle disputes, including disagreements over residency for tax purposes.

18. Taxpayer Advocacy
A Tax Ombudsman Office will help citizens seek justice if treated unfairly by tax authorities.


Why This Matters

Proponents of Tinubu’s reforms argue they are pro-poor, pro-growth, and pro-efficiency. With exemptions for low-income earners and small businesses, alongside incentives for local economic activities, these bills aim to reduce Nigeria’s reliance on oil revenue while fostering a fairer, more inclusive tax system.

What’s next?

The bills have ed the Second Reading in the Senate and now await public hearings. While the debate rages on, analysts agree: if implemented correctly, these reforms could transform Nigeria’s tax ecosystem and uplift millions of Nigerians.

Ofodirinwa:


you must be young. If you haven't seen in yet I'll give you 4 years

So you don't have proof, you just plucked it out of your rear end, I thought as well.