The Coalition of Northern Groups (CNG) has praised the Nigerian Governors’ Forum (NGF) for advocating a revised VAT sharing formula, describing it as a step toward fairness and unity. The new formula allocates 50% of VAT revenues based on equality, 30% on derivation, and 20% on population, which the group says addresses past inequalities.
In a statement by its National Coordinator, Jamilu Aliyu Charanchi, the CNG criticized other aspects of the proposed tax reforms, calling them detrimental to Nigerians. The group rejected plans to defund key institutions like TETFUND, NASENI, and NITDA, as well as the introduction of inheritance taxes, a VAT hike, and centralized tax collection.
Highlighting soaring inflation and economic struggles, the CNG demanded a reduction in VAT from 7.5% to 3% and urged support for small businesses instead of imposing stifling taxes.
The coalition called on the National Assembly to amend the controversial provisions, warning legislators against ignoring the people’s interests. CNG vowed to continue mobilizing protests, engaging stakeholders, and advocating for reforms that prioritize fairness and transparency.