₦airaland Forum

https://www.youtube.com/watch?v=elHbFDurmQE

Olayinka Fafoluyi is the senior special assistant on new media to Governor AbdulRahman AbdulRazaq of Kwara State.

Olayinka Fafoluyi (Solace) ANIPR, ARPA @yinkafafoluyi

COMMUNIQUE ISSUED AT THE END OF THE SUBNATIONAL CONSULTATIONS AND ENGAGEMENT WITH THE PRESIDENTIAL TAX REFORM COMMITTEE.

We, members of the Nigeria Governors’ Forum (@NGFSecretariat) and presidential tax reform committee, convened on the 16th of January 2025 to deliberate on critical national issues, including the reform of Nigeria’s fiscal policies and tax system, and arrived at the following
resolutions:

1. The Forum reiterated its strong support for the comprehensive reform of Nigeria’s archaic tax laws. Members acknowledged
the importance of modernizing the tax system to enhance fiscal stability and align with global best practices.

2. The Forum endorsed a revised Value Added Tax (VAT) sharing formula to ensure equitable distribution of resources:

•50% based on equality,
•30% based on derivation, and
•20% based on population.

3. Members agreed that there should be no increase in the VAT rate or reduction in Corporate Income Tax (CIT) at this time, to
maintain economic stability. The Forum advocated for the continued exemption of essential goods and agricultural produce from VAT to safeguard the welfare of citizens and promote agricultural productivity.

4. The meeting recommended that there should be no terminal clause for TETFUND, NASENI, and NITDA in the sharing of development levies in the bills.

5. The meeting supports the continuation of the legislative process at the National Assembly that will culminate in the
eventual passage of the Tax Reform Bills.

𝐒𝐢𝐠𝐧𝐞𝐝
H.E. @RealAARahman CON
Chairman, Nigeria Governors’ Forum & Governor of Kwara State.

https://x.com/YinkaFafoluyi/status/1879928928577388646?t=VcLZOA7ym9f7uNDwfQsLbQ&s=19

Akin Akinwale @mrlurvy

Subnational Consultation with Presidential Committee on Tax Reforms

Governors, Finance Commissioners, State Internal Revenue Service Chairmen, and Attorney Generals across the country are here

Organized by the Nigeria Governors' Forum at Transcorp Hilton, Abuja

16.01.2025 | #TaxReformBills

https://x.com/mrlurvy/status/1879825235718918433?t=VOMqqlimftzKRnUwaZ0RSw&s=19

Great. We are moving forward.

🤗

All the southern govs have queue behind the north

Toh

That their sharing formula can't work.

Monkey can't be working make baboon dey chop

It is a done deal
Bala's face in the mud

More money to be shared

It must be implemented

Lol
North wins

But the masses also win with that rejection of VAT increase

Kudos to the govs for that

But CIT needs to be reduced

I expect Tinubu to reject that part if he really means well

This guys ended up getting the bill to reflect their preference

Over to BAT and Oyedele

I'm proud of Tinubu on this one.

Ofemannnu:
It is a done deal
Bala's face in the mud

Did you actually read the communique very well?

Their resolution and suggestion is fair

Chegesnd:
Did you actually read the communique very well?

Yes.
Most significant:

The meeting supports the continuation of the legislative process at the National Assembly that will culminate in the
eventual passage of the Tax Reform Bills.

Jesus!!! what's happening to our southern governors? Tinubu is given us a chance to be out of this traps and you rejecting it by style. This pure selfishness

North is winning...

3. Members agreed that there should be no increase in the VAT rate or reduction in Corporate Income Tax (CIT) at this time, to
maintain economic stability. The Forum advocated for the continued exemption of essential goods and agricultural produce from VAT to safeguard the welfare of citizens and promote agricultural productivity.

Good 👍

[quote author=naptu2 post=133745898]
https://www.youtube.com/watch?v=elHbFDurmQE

Olayinka Fafoluyi is the senior special assistant on new media to Governor AbdulRahman AbdulRazaq of Kwara State.

Olayinka Fafoluyi (Solace) ANIPR, ARPA @yinkafafoluyi



https://x.com/YinkaFafoluyi/status/1879928928577388646?t=VcLZOA7ym9f7uNDwfQsLbQ&s=19[/quote]

[quote author=hotoroMENTAL 😁 post=133746645]NASENI sounds like MUMUNI. Hhmmm dem Sabi adolfhitlerxxx very well 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣[/quote]

PastorFire:
I'm proud of Tinubu on this one.

Sycophants don't read
They just type the worship of their master

Just here to read comments and nothing more

helinues:
Toh

That their sharing formula can't work.

Monkey can't be working make baboon dey chop

nedu666:
All the southern govs have queue behind the north

In the spirit of fairness and unity. Winners shouldn't take it all as we have seen that it is not about how much money but how well used. The typical example is Niger Delta 13% derivation since the days of Obj, huge allocations with nothing to show for it except looting and stealing

Ojuntana:
Lol
North wins

But the masses also win with that rejection of VAT increase

Kudos to the govs for that

But CIT needs to be reduced

I expect Tinubu to reject that part if he really means well

This guys ended up getting the bill to reflect their preference

Over to BAT and Oyedele

Nigeria wins. VAT is not the only issue in the tax bill.

[quote author=AfonjaConehead post=133746677][/quote]We're making steady progress. 😮‍💨

Mr president should be strong and firm on this. No more monkey dey work and them them dey born like fish

Ofemannnu:
Yes.
Most significant:

The meeting supports the continuation of the legislative process at the National Assembly that will culminate in the
eventual passage of the Tax Reform Bills.

Zombies Sha. The tax reform bill must be passed even if it's not worth tissue paper

ElSudani:
Nigeria wins. VAT is not the only issue in the tax bill.

Who told you Nigeria does not have a tax bill before now?
That was the contentious issue again?
I'm sure even that inheritance aspect will be modified silently

Tinubu is in charged

VAT will not be increased thank God. Because how wish them increase VAT, E for too bad.

G

What do they mean by 50% equality??
So southern Govs are in support of this rubbish??

North is about to show that they really own Nigeria then.

It's well