Tag: VAT
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FG Sets Six-Week Deadline to Rewrite Nigeria’s VAT Rules Under Tax Reform Drive
By Opeyemi Adelakun The Federal Government has launched a six-week process to produce a new Value Added Tax (VAT) Modification Order aimed at aligning Nigeria’s VAT regime with the recently implemented Tax Reform Acts. The initiative follows the inauguration of an inter-ministerial committee by the Minister of Finance and Coordinating Minister of the Economy, Taiwo…
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FG, States, LGAs Share N2.03trn for March as VAT Revenue Drops
By George Omagbemi Sylvester The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.03 trillion among the Federal Government, states, and local government councils as revenue allocation for March 2026. The distribution was announced on April 22, 2026, following FAAC’s monthly meeting held in Abuja, where revenue performance and allocations were reviewed. According…