The pan-Yoruba socio-political organization, Afenifere, has endorsed the tax reform bills.
The group’s Organising Secretary, Abagun Omololu, highlighted that the proposed bills could offer significant economic advantages for every region, including the northern area.
“Afenifere is in support of the tax reform for its promise of economic revival. We have noted that the bills are a crucial step towards stimulating the Nigerian economy, hence with the tax system reform, we hope for improvement of revenue generation at both federal and state levels. This is essential for funding critical infrastructure and social services that will benefit all Nigerians, including those in the North.
“After due scrutiny and consideration, we agree that the proposed changes to VAT administration are designed to align revenue sharing more closely with consumption patterns, affording states to receive funding based on actual economic activity rather than historical allocations,” he said.
