•An estate Stakeholders in the real estate industry have stated that rents will not reduce in the housing sector despite the removal of the Value Added Tax (VAT), as the move is not capable of addressing the issue of the exponential rise in the sector. In the recent period, rents payable by tenants of houses […]
•Taiwo Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that land, buildings and rent are now fully exempted from Value Added Tax (VAT) under the Nigeria Tax Act 2025. Oyedele explained that the new law, which has already commenced, was designed to reduce the cost of housing, […]...
The House of Representatives Committee on Solid Minerals Development today decried the attitude of some foreign nationals to the solid minerals sector, particularly two Chinese companies who, it said, are owing the Federal Government over ₦15 billion Value Added Tax (VAT). Jonathan Gaza, the committee’s chairman, stated this in Abuja during th...
•Imo State governor, Hope Uzodimma The People’s Democratic Party (PDP) in Imo State has blamed the APC-led government under Governor Hope Uzodimma for crippling economy of the state. In a statement issued yesterday in Owerri by the PDP Publicity Secretary Imo State, Lancelot Obiaku said that the recently released data on Value Added Tax (VAT) ...
The Nigeria Governors’ Forum (NGF) has rejected the move to increase Value Added Tax (VAT). The governors also expressed support for the ongoing legislative process of the Tax Reform Bills, reports The Nation. It also proposed an “equitable” sharing formula for value-added tax (VAT). This development was an outcome of a meeting between the NGF...
•Taiwo Oyedele The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured the 19 northern governors that the proposed Tax Reform Bill will be a win-win for all the tiers of government. In a post on X (formerly Twitter) yesterday, Oyedele said his committee shared the sentiment expressed by […...
The federal government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the importation of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Ga...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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