The Nigerian Governors’ Forum, NGF have said each state government would receive 2.5 million dollars performance-based grants for implementing tax relief programmes for individual taxpayers and businesses to mitigate COVID-19 impact.
The forum disclosed this in a statement issued after a virtual meeting jointly organised by the World Bank and the forum in Abuja.
The forum, however, noted that only states that met the deadline and required conditions for the tax relief programme would benefit from the incentive.
The relief programmes initiated in states across board are focused on extension of filing and payment dates, tax moratoriums, waivers or reduction of penalties and interests over the extension period.
It noted that while some states were also offering rebates or discounts on taxes paid within a specific period, others were allowing the payment of taxes, fees and levies among others in installments.