Tax law: N5tn VAT windfall for states as new formula begins January 8, 2026

The 36 states of the federation are set to receive an estimated N5.07tn as their share of Value Added Tax in 2026, following the commencement of a new VAT sharing formula introduced under the National Tax Acts, findings by The PUNCH have shown. This development is contained in the 2026–2028 Medium-Term...