Tag: NGF

Tax Reform Bills: League of Northern Democrats commends Govs.’ Forum, but calls for clarity over ‘derivation’

Aminu Imam
LND expresses support

The League of Northern Democrats, (LND), has expressed its support for the Nigeria Governors’ Forum’s (NGF) recent endorsement of a revised Value-Added Tax (VAT) sharing formula, but raised a significant concern over the definition of the word: “derivation”. In a statement released following the NGF’s meeting with the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, on January 16, 2025, LND acknowledged the NGF’s proposal to allocate VAT revenue as follows: 50% based on equality, 30% on derivation, and 20% on population. This formula, the…

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“We have no objection to Govs.’ proposed VAT-sharing formula” – Oyedele 

Aminu Imam
Screenshot 20250118 205225

Chairman of the Presidential Committee on Tax policy and Fiscal reforms, Taiwo Oyedele, says his committee has no objection to the newly-proposed value-added tax (VAT) sharing formula by the Nigeria Governors’ Forum, (NGF). Oyedele stated this yesterday, during an event organised by ‘The Covenant Nation’, to facilitate national development. Recall that on January 16, the NGF backed the proposed tax reform Bills currently at the 10th National Assembly. The NGF also proposed a new “equitable” sharing formula for VAT. The development was an outcome of a meeting between the NGF…

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Tinubu hails Govs. on endorsement of tax reform initiatives

Aminu Imam
Presidency on LGAs

President Bola Tinubu has commended the Nigeria Governors’ Forum, (NGF), over its unanimous endorsement of the four Tax Reform Bills currently under consideration by the 10th National Assembly. This is as he urged the 10th NASS to expedite legislative action on the Bills so that the country can swiftly reap the benefits of the reforms. According to President Tinubu, in a press statement issued yesterday by his Special Adviser, (Information and Strategy), Bayo Onanuga, “Thursday’s productive consultation between the Nigeria Governors’ Forum and the Presidential Committee on Tax and Fiscal…

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NGF back Tax Reform Bills, proposes 50:30:20 VAT ratio

Aminu Imam
NGF back tax reform

The Nigeria Governors’ Forum, (NGF), has finally supported the proposed tax reform Bills of the Bola Tinubu-led administration currently under consideration at the 10th National Assembly. The NGF also unanimously rejected an increase in the Value-Added Tax (VAT) rate, while proposing a revised sharing formula for distribution . According  to a communiqué issued yesterday, after 2-day sub-national consultation meeting between the governors and the Presidential Tax Reform Committee, led by Taiwo Oyedele, in Abuja. NGF Chairman and Kwara State governor, AbdulRahman AbdulRazaq disclosed that the Forum endorsed a revised VAT-sharing…

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Northern Governors meet Defence Chief to tackle insecurity

Aminu Imam
NGF meets Defence Chief

Governors from Nigerias 19 northern states met with the Chief of Defence Staff, General Christopher Musa yesterday, to address the escalating insecurity and socio-economic challenges plaguing the region. The high-level meeting, which was held in Kaduna, focused on issues including banditry, terrorism, poverty, and the growing number of out-of-school children. Chaired by Governor Inuwa Yahaya, of Gombe State, who led the Northern States Governors Forum (NGF), the gathering was hosted by Kaduna State Governor Uba Sani. Traditional rulers, including the Sultan of Sokoto, Abubakar Sa”ad III, and the Shehu of…

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Dire Financial Strait: Nigerian Govs. Forum defies FG on LG autonomy, cripple councils operations

Aminu Imam

The 774 local government councils in the country are presently in dire financial strait and unable to cater to people at the lowest level in accordance with their Constitutional mandate due to the actions and inactions of State governors, findings have revealed. Following the poor state of affairs in the local government councils across the country, the Nigeria Union of Local Government Employees, (NULGE), accused state governors of crippling the third tier of government. VoL investigation revealed that apart from the structures and premises of most local government council headquarters…

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Nigerias MDI Poverty Rate Blame Debate and Lessons Therefrom

Abdul-Azeez Ahmed Kadir

By;Abubakar Ahmed Since the disclosure after the weekly Federal Executive Council (FEC) meeting by Nigerias Minister of State for Budget and National Planning, Clement Agba insisting that the FG had done its part on poverty alleviation in the country; in response to the released document by the countrys National Bureau of Statistics that 133 million Nigerians are currently living in multidimensional poverty, reactions have trailed the disclosure especially from one of Nigerias tier of governments; the state governments under the auspices of Nigerian Governors Forum, NGF. According to Agba, 72…

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National Security Concerns: FGs failure to secure Nigeria responsible for rising poverty – Govs Forum reply Buhari

Aminu Imam

The Nigeria Governors Forum, (NGF), has described the claim by the Federal Government that State governors are responsible for the rising poverty and economic hardship in the country as baseless. The Forum, which consists of the 36 State governors, attributed the high level of poverty to the Federal Governments failure to provide adequate security for lives and property. The NGF made their position known through an issued statement by their Director of Media and Public Affairs, AbdulRazaque Bello-Barkindo, yesterday, in reaction to the Federal Governments claim that State Governors are…

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Nigerian Governors Forum warn FG against sanctioning ASUU

Aminu Imam

The Nigerian Governors Forum (NGF) has sent a message of warning against sanctioning the striking Academic Staff Union of Universities, (ASUU). The NGF Chairman, Governor of Ekiti State, Kayode Fayemi, made this revelation in Abuja, the nations capital on Thursday, after the meeting of the forum. According to the NGF, the Federal Government should rather resolve the contentious issues in the interest of the students and Nigeria. Also, the NGF said it has rejected the plan of the Federal Government to privatise National Integrated Power Plants, (NIPPs), to a private…

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Paris Club Refund: “You dished out half-truth – Governors reply Ned Nwoko on alleged dollar bribes

Aminu Imam

The Nigeria Governors Forum (NGF) says comments made by a lawyer and business magnate, Ned Nwoko, regarding the Paris Club refund were blatant lies and half-truths. Recall that there has been controversy over consultancy fees amounting to $418 million from the Paris Club refund. Nwoko, on Saturday, alleged that the consultancy fee owed by the States and local governments was $68 million and not $418 million as claimed by NGF. He said the original claims calculated based on agreed terms were in excess of $300 million, but his firm offered…

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