Nigeria's Tax Reform Bills: Key Concerns and Potential Benefits Unpacked

Baba Yusuf, a renowned strategist and policy advisor, shares his expert views on Nigeria's contentious Tax Reform Bills, focusing on the proposed changes to the Value Added Tax (VAT) allocation formula. The conversation highlights the heated debate among stakeholders, including governors from the Northern states and traditional leaders, concerning the shift from a remittance-based to a consumption-based model for VAT distribution. Yusuf addresses the fears surrounding the potential benefits skewed towards states like Lagos and Rivers, and he assesses the implications of increasing VAT rates from 7.5% to 15% by 2030. The dialogue also explores whether the proposed reforms will truly benefit consumers and the broader economy.

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