- The Tinubu Media Support Group (TMSG) praised the Federal Government for allocating 5% more of VAT to sub-national governments for grassroots development.
- TMSG expects states to receive significantly more than the N3.77 trillion allocated from VAT in 2025 due to the administration’s commitment.
- The new tax law gives the federal government 10% of VAT, states 55%, and local governments 35%.
- TMSG credits improved VAT collections to better compliance and efficiency by the Nigerian Revenue Service.
- The group urges sub-national governments to use increased allocations for greater development at the grassroots level.
Source: thefact.ng
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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