The Arewa Consultative Forum (ACF) has submitted a detailed report to the National Assembly supporting the Executive Tax Reform Bills but strongly recommending the retention of the current 7.5% Value Added Tax (VAT).
ACF National Publicity Secretary, Prof. Tukur Muhammad-Baba, stated that the proposed tax reforms would impact all regions, not just the North, and should be carefully considered. The report highlights concerns over increasing VAT, warning that higher rates could burden citizens and businesses while reducing consumer spending.
Instead, the ACF proposes improving VAT collection efficiency, formalizing the informal sector, and leveraging digital technology to expand the tax base. The forum urged all stakeholders to participate in public hearings to ensure that tax reforms serve national interests.
