A proposed new tax legislation seeks to provide Value Added Tax (VAT) exemptions to oil and gas exports, crude petroleum oil and feed gas for all processed gas, as well as goods purchased for use in humanitarian donor-funded projects.
The Nigeria Tax Bill, 2024, also seeks to exempt baby products, locally manufactured sanitary towels, pads or tampons, military hardware, arms, ammunitions and locally manufactured uniforms supplied to armed forces, para-military and other security agencies of a Nigerian government from payment of VAT.
However, in what could be a setback for the proposed law, governors of 19 states under the aegis of Northern States Governors Forum (NSGF), yesterday, rejected the proposed tax amendment bill.
In a communique issued at the end of a joint meeting with Northern Traditional Rulers Council on Monday at Government House, Kaduna, the governors urged the National Assembly to “oppose any bill that can jeopardise the well-being of our people”.
Governor of Gombe State/Chairman of NSGF, Mohammadu Yahaya, who read the group’s communique, called for equity and fairness in the implementation of all national policies and programmes to ensure that no geopolitical zone was short-changed or marginalised.
