Explaining the Proposed Tax Reform Bill to a Dummy, Why Northern Leaders are Against

Explaining the Proposed Tax Reform Bill to a Dummy, Why Northern Leaders Are Against

In this video, we dive into Nigeria's proposed Tax Reform Bill and its significant changes to VAT distribution across federal, state, and local governments. The bill introduces a shift in how VAT is shared among states, with adjustments designed to emphasize derivation, population, and equality.

Here’s what you’ll learn:
✅ How VAT distribution currently works and the proposed changes.
✅ Detailed comparison of the Current Model vs. Proposed Model using real-life examples.
✅ What these changes mean for states like Lagos, Kano, and Rivers.
✅ Insights into how this reform might impact revenue generation and state economies.
✅ My perspective on whether this reform promotes fairness and equity.

Whether you’re a policymaker, economist, business owner, or concerned citizen, this video is packed with actionable insights to help you understand this critical piece of legislation.

📊 Highlights in the Video:

0:00 Intro
1:45 Current VAT Distribution Model
3:15 Proposed VAT Distribution Model
6:30 Example: How Lagos and Rivers States are Affected
8:50 Analysis: Implications for Low-IGR States
10:20 My Opinion
💬 Join the Conversation:
Do you think this tax reform will create a more equitable distribution of resources across Nigeria? Share your thoughts in the comments below!

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VAT distribution Nigeria
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proposed tax changes 2024
VAT allocation formula
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economic policy Nigeria
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population-based revenue allocation
equitable tax distribution

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