Wike vows to fight on in epic VAT battle
Despite the legal twist generated in the demand for equitable sharing of the Value Added Tax (VAT), Rivers State Governor, Nyesom Wike, has vowed not to give up on his demand for what is…
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Value Added Tax (VAT)
FG slashes navy’s N220.236bn capital budget to N25.8 billion
The Nigerian Navy on Monday said it proposed N220.236 billion for capital projects in the 2022 budget but was slashed to N25.8 billion by the ministry of budget and national planning.…
States, LGAs should be focus of Nigeria’s restructuring – Chidoka
Osita Chidoka, former minister of aviation says states and local government areas should be the focus of Nigeria’s clamoured restructuring.
Chidoka said this has become imperative to…
Rivers not fighting FG over tax collection – Wike
Governor Nyesom Wike of Rivers says the state is not fighting the Federal Government or any of its agencies over collection of Value Added Tax (VAT) as being insinuated in some quarters.…
FG spends 74% of revenue on debt service in first 8 months of 2021
The Federal Government spent N74 out of every N100 earned servicing debt between January and August 2021, according to fresh data provided by Zainab Ahmed, minister of finance, budget and…
Before 2020, Nigeria earned more from company income tax than VAT
Nigeria has earned cumulatively more from Company Income Tax (CIT) than Value Added Tax (VAT) since the past 10 years (2011-2020). Though, in 2020 alone, VAT receipt at N1.531trillion was…
Nigeria’s states will struggle to collect VAT
The Federal Inland Revenue Service, on behalf of Nigeria’s federal government, has been locked in a legal tussle with the Rivers and Lagos state governments over the collection of…
VAT War: Umahi maintain stance
David Umahi, Governor of Ebonyi state and chairman southeast Governor's forum on Tuesday maintained the stance that the federal government should continue to collect Value Added Tax (VAT)…
Reading political meaning in Lagos’ passage of VAT, anti-open grazing bills
Beyond just passage of the anti-open grazing by some Southern state Houses of Assembly and the signing into law of same by their governors, these actions speak volumes politically.
What…
Ogun may join forces with Lagos, Rivers in VAT collection
Following the audacious moves by Lagos and Rivers states on the collections of the Value Added Tax (VAT) as against collections being made by Federal Inland Revenue Service (FIRS), Ogun…