- Northern stakeholders demand a reduction of VAT to 3%
- They also want corporate headquarters of banks and telecom companies moved to Abuja
- The demands were made at a town hall meeting in Kaduna organized by the Coalition of Northern Groups and other entities
- Comrade Muhammed Sanusi Ali spoke on behalf of 134 CSOs and NGOs
- Criticism was directed at the current VAT distribution formula which is based on the location of company headquarters
- Stakeholders believe this formula benefits certain regions over others
- They suggest Abuja as a neutral location for headquarters to ensure fair revenue distribution
Source: tribuneonlineng.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
