Tax reforms: The Nigerian government is prepared to reach a compromise on the VAT issue, says Oyedele.

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The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has declared that the Federal Government, led by President Bola Ahmed Tinubu, is willing to reach a compromise on the disputed Value Added Tax structure in the tax reform measures before the National Assembly.

Speaking on Sunday, Oyedele said in defense of the proposed VAT structure on the Derivative Principle.

That is what is non-negotiable. Otherwise, we will be missing out on a significant opportunity to move Nigeria forward.” “But in terms of the details of those bills, everything is up for grabs.” “I can tell you, as we speak today, if they want us to keep the current VAT formula, we’ll keep it 100%. So, the fact that people keep using the problem we are trying to solve against us is what I need to understand.

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