NewStats: 3,264,653 , 8,184,349 topics. Date: Wednesday, 11 June 2025 at 09:19 PM 6n2g1g

President Bola Tinubu, on Friday, expressed his appreciation for the Nigeria Governors’ Forum, following their unanimous endorsement of the revised tax reform bills currently under consideration by the National Assembly.

Tinubu lauded the governors for “their bold leadership and commitment to fostering unity among leaders nationwide.”

The President, in a statement by his Special Adviser, Bayo Onanuga, said the consensus transcended regional, ethnic, and political barriers to advance Nigeria’s development.

On Thursday, January 17, the governors collectively endorsed President Tinubu’s proposed tax reform bills, including the contentious shift to a derivation-based VAT model.

The President described Thursday’s consultation between the NGF and the Presidential Committee on Tax and Fiscal Policy as “a commendable example of cooperation between the Federal and State governments.”

He extended special commendations to the Chairman of the NGF, and Kwara State Governor, Abdulrahman AbdulRazaq, for successfully galvanising among his peers for the bill.

Tinubu also commended the Progressive Governors Forum, the Northern Governors Forum, and all other groups that made the bipartisan resolution of the controversy stirred by the tax bills possible.

The President noted that the primary aim of the bills was to promote national interests, improve the competitiveness of Nigeria’s economy, and attract both local and foreign investments.

“The President notes that the dialogue between the NGF and the Presidential Committee on Tax and Fiscal Policy Reform highlights the power of constructive conversation in resolving differences.

“President Tinubu regards the governors as vital contributors to nation-building and affirms his commitment to partnering with them to promote economic growth, national harmony, peace, and stability,” the statement read.

Ndume rejects 30% new VAT sharing formula

Meanwhile, the lawmaker representing Borno South Senatorial District, Ali Ndume, has kicked against the 30% derivation sharing formula of Value Added Tax in the updated tax reform proposal endorsed by the 36 state governors on Thursday.

In an exclusive interview with Saturday PUNCH, Ndume said the proposed 30% VAT sharing formula remained high, despite the endorsement by the governors.

He said, “30% VAT sharing based on derivation is too high. Do not forget that derivation for oil-producing states is 13 per cent and these are people who are bearing the brunt of environmental degradation. I personally think that derivation should either be 10 per cent or if we must go higher, 13 per cent.”

On the shift of position by the governors, Ndume said, “It is good that the governors accepted the adjusted VAT sharing formula, but it should not stop there. The National Economic Council, the Northern Elders Forum, and all those who opposed the bills should come up with their position on this new development so that together, a common ground can be reached on the way forward.

“Now that the governors have spoken, the public should also be allowed to bare their minds on the tax bills through public hearings,”

The senator called for a reduction of the four per cent non-oil revenue retained by the Federal Inland Revenue Service, saying, “What they are collecting is an istrative tax. It should not be more than 1 per cent,

“This is why they spend extravagantly because four per cent of the trillions of naira they collect every year is huge.”

Going forward, the All Progressives Congress chieftain urged the Federal Government to learn from the controversy the tax bills generated owing to a procedural misstep.

“Any proposal or reform targeted at the public should be given time for the people to make their input. There is no need to rush public policy because laws are made for the people and not the people for the laws,” he added.

https://punchng.com/tax-bills-tinubu-hails-govs-as-ndume-rejects-30-vat-formula/

See him eyes
Wey him for just leave everything as he bubu take hand over for am bcus e dey obvious se bubu wise, smart and intelligent You by 7x. Now you just use rush rush carry agberonomics take scatter everything at once 😁.

Ali Ndume is an enemy of progress, having failed to get the bills withdrawn, he is proposing a further reduction in the VAT derivation.
The current derivation is 20%, the President proposes 60%, the Governors are proposing 30% , Ali Ndume is proposing 10% -13%.
When a state generates income and receives 60% of it , what's wrong in that? but Governors are saying any state that generates income should collect only 30% while they share the remaining among themselves, even more sad is the illiterate Ali Ndume suggesting a mere 10% as derivation while they sit their lazy ass to share the rest. We are patiently waiting for the public hearing and what the Senate will finally into law.

Tochi360:
See him eyes
Wey him for just leave everything as he bubu take hand over for am bcus e dey obvious se bubu wise, smart and intelligent You by 7x. Now you just use rush rush carry agberonomics take scatter everything at once 😁.

If he leave everything the way bubu left it , maybe by now you would be selling your kids to have money to eat.

Dear Front page readers, i sell ram and ssd and my online shop on konga also

tinubu is a fraud, God will punish him

cc helinues 😁😁😁

Tochi360:
See him eyes
Wey him for just leave everything as he bubu take hand over for am bcus e dey obvious se bubu wise, smart and intelligent You by 7x. Now you just use rush rush carry agberonomics take scatter everything at once 😁.

Biafrans and sense 🫲🏼....................🫱🏼

I love this

https://www.youtube.com/watch?v=Cb7zUFaf5IU?si=T6X-12LRiicEN_D-

Normal normal, Ndume no knw book

SLIDEwaxie:
Normal normal, Ndume no knw book

Normal normal Ndume na the real hero

zero8zero:
Ali Ndume is an enemy of progress, having failed to get the bills withdrawn, he is proposing a further reduction in the VAT derivation.
The current derivation is 20%, the President proposes 60%, the Governors are proposing 30% , Ali Ndume is proposing 10% -13%.
When a state generates income and receives 60% of it , what's wrong in that? but Governors are saying any state that generates income should collect only 30% while they share the remaining among themselves, even more sad is the illiterate Ali Ndume suggesting a mere 10% as derivation while they sit their lazy ass to share the rest. We are patiently waiting for the public hearing and what the Senate will finally into law.

Ndume is making a honest point.


If you pegged oil derivative at 13% why do VAT 30%?


VAT and oil derivation should be at par or make it 13% and 15% VAT.



If States that generate more VAT wants to enjoy 30% more of the VAT they generated, then there is nothing bad for states that generate crude oil and other mineral resources to also enjoy 30% of the revenue generated in their states via crude oil and other mineral resources exploration.



That's what Ndume is saying and he is right

Hmmmm

Tinubu and cronies are hell-bent on sniffing the life's outta innocent masses.

The revenue sharing should be based on 60% derivation of all revenue sources not just vat.

States contributing more to the central purse should benefit more from the same purse.

Ndume has indirectly raised another issue that requires debate. Why should oil-producing states who bear the brunt of environmental degradation be awarded a measly 13%, they deserve more than 20%.

Enough is enough. But will they rise up to demand more. Tinubu is using this tax reform to bring more of what 'his Lagos" earns back to Lagos, when will South - South people rise up to bring more of what they earn back to the people.

Everything no be gra gra. Na to fight who no fight you dey mind, meanwhile dem dey chop you finish.

Be like say Ndume dey craz

,

The third horseman of the apocalypse is going to have a mental breakdown in your country very soon. If you don't store up food, the hunger you will experience will make hellfire seem welcome to you

Uranos:
Tinubu and cronies are hell-bent on sniffing the life's outta innocent masses.

This is beyond your comprehension capacity, kindly stick to your wailing career. Thanks

South southerners need to charge their leaders to review the 13% derivation. It's absolutely ridiculous.
You can't be feeding lazy states while still being some second class fiddles in your country.

God bless you Ndume

Useless Niger Delta governors cannot negotiate for an increase in crude oil derivation despite the fact that the Niger Delta is suffering the consequences of Oil exploration and production while most Oil companies are giving their tax to Lagos State government.

Now Lagos will retain most of that tax with this new tax formula while the Niger Delta continues to suffer.

The fools in the South-South cannot direct all oil companies operating in the region to relocate their headquarters to the South-South so they can at least benefit from the tax they will impose .

The only thing they know is to drink ogogoro and share allocation.

I have tweeted something like this earlier, thank God someone like Ndume is confirming it.

All the Niger Delta Senators, House of Rep , Governors etc are nothing but bunch of disappointment

franchasofficia:
Ndume is making a honest point.


If you pegged oil derivative at 13% why do VAT 30%?


VAT and oil derivation should be at par or make it 13% and 15% VAT.



If States that generate more VAT wants to enjoy 30% more of the VAT they generated, then there is nothing bad for states that generate crude oil and other mineral resources to also enjoy 30% of the revenue generated in their states via crude oil and other mineral resources exploration.



That's what Ndume is saying and he is right

The 13% oil derivation, is it not the FG that's spending money drilling the oil?, how much is state governors spend in drilling the oil?.

I really hope this is just him diffusing the situation while he finds another way to move his agenda along.

A national conference and referendums are what president Tinubu should be gaming right now.

zero8zero:


https://punchng.com/tax-bills-tinubu-hails-govs-as-ndume-rejects-30-vat-formula/

zero8zero:

If he leave everything the way bubu left it , maybe by now you would be selling your kids to have money to eat.

Perhaps, he might be eating those kids by now self😂

I don't understand the problem of those nitwit honestly.

The next agenda should be full resource control by each state. Or the deprivation percentage for oil producing state should be increased to 20%.

But the greed and selfishness of Tpain won't make him talk in this direction because Lagos is not an oil producing state.

He said, “30% VAT sharing based on derivation is too high. Do not forget that derivation for oil-producing states is 13 per cent and these are people who are bearing the brunt of environmental degradation. I personally think that derivation should either be 10 per cent or if we must go higher, 13 per cent.”

Lol. Ndume is a content creator. So derivation of oil producing state should be 10%? Haha 😂..

Well, I’m glad the SS stakeholders are in of the bill. The 30% has come to stay! The 13% is too small! Tinubu came thru well with this Tax reform bill..

20% to 30% derivation is not too fantastic

I suspect it's a bait to distract from the bigger aspects in the tax reform bill to be ed.

Ndume made some strong points