Twenty-one Nigerian states have signed on to a harmonised tax framework, and the numbers are already speaking for themselves. Collectively, those states recorded a 27% rise in tax revenue, according to officials.
The framework was designed with a clear purpose: to cut down on multiple taxation and take some of the pressure off businesses operating across state lines. For entrepreneurs and companies that have long complained about overlapping levies, this is a shift worth watching.
Whether the remaining states follow suit could determine just how far this revenue wave travels.
Originally published by Premium Times.