BREAKING NEWS: COALITION OF NORTHERN GROUPS WELCOMES REVISED VAT SHARING FORMULA.

THE COALITION OF NORTHERN GROUPS (CNG) HAS COMMENDED THE NIGERIAN GOVERNORS' FORUM (NGF) FOR CHAMPIONING A MORE EQUITABLE VALUE ADDED TAX (VAT) SHARING FORMULA. THE REVISED FORMULA, WHICH ALLOCATES 50% BASED ON EQUALITY, 30% ON DERIVATION, AND 20% ON POPULATION, IS A SIGNIFICANT DEPARTURE FROM THE EARLIER LOPSIDED FORMULA. SPEAKING AT A PRESS BRIEFING IN BAUCHI STATE, THE CNG EXPRESSED ITS SUPPORT FOR THE REVISED VAT SHARING FORMULA, CITING ITS POTENTIAL TO PROMOTE ECONOMIC FAIRNESS AND EQUALITY AMONG NIGERIAN STATES. HOWEVER, THE GROUP ALSO VOWED TO CONTINUE CHALLENGING OTHER CONTROVERSIAL PROVISIONS IN THE TAX REFORM BILLS. THE CNG HAS BEEN ACTIVELY ENGAGING WITH STAKEHOLDERS ACROSS NORTHERN NIGERIA, ORGANIZING TOWNHALL MEETINGS AND PROTESTS TO RAISE AWARENESS ABOUT THE TAX REFORM BILLS AND THEIR POTENTIAL IMPACT ON THE REGION. THE GROUP HAS ALSO BEEN WORKING TO GALVANIZE ACTION AMONG NIGERIANS TO ADDRESS THE ADVERSE EFFECTS OF THE REFORMS. KEY HIGHLIGHTS OF THE REVISED VAT SHA...