- President Bola Tinubu’s administration has dismissed the report that the proposed tax reform bills before the National Assembly were to shortchange the North
- Bayo Onanuga, the spokesperson to the president, said the bills were to establish a fairer system of VAT sharing formula
- The presidency further explained the four tax bills the executive council had presented before the national assembly
The presidency has clarified that the tax reform bill currently before the National Assembly does not target the 19 northern states, contrary to the governors’ rejection of it.
Presidential spokesman Bayo Onanuga explained that the proposed amendment to the Value Added Tax (VAT) distribution is designed to create a fairer system that will benefit all states. The ongoing tax reform aims to correct the inequity in the current derivation model used for distributing VAT revenue.
