Explainer: How Nigeria’s VAT reforms could channel over N4trn to states by 2026
Nigeria’s states are poised to receive a substantial increase in revenue beginning in 2026, driven by sweeping reforms to the country’s Value Added Tax distribution formula. Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, announced on Tuesday that states could collectively earn over N4 trillion annually once these changes take […]
