A member of the Lagos State House of Assembly, Setonji David, has opined that the state will go ahead with the implementation of its recently assented law on Value-Added Tax following a stay of execution by the Appeal Court in Abuja last Friday.
“We generate over 55% of the VAT in Nigeria and we get a paltry sum of 10%. Is that fair for a population of over 24 million. We are happy that the Rivers State Government went to court and the court was very clear that VAT was supposed to be a state affair. We have no choice but to follow suit.” He lamented that the state does not enjoy special status despite generating over half of the country’s VAT. David, however, said with the implementation of the VAT law in Lagos, the interest of small businesses has been taken care of by the law.
He noted that though the FIRS has gone to court, there has been “no push back from the FIRS yet” to the state government. Justice Haruna Simon Tsanami, in a ruling on Friday, directed that the law passed by Rivers State House of Assembly and assented to by Governor Nyesom Ezenwo Wike must be put on hold.
He said the judgment of the Federal High Court sitting in Port Harcourt had sufficiently addressed the illegality perpetrated by the FIRS.
It’s important for Lagos State to take the bull by the horns! If Kano generated N2.8billion VAT and received same amount (N2.8billion) VAT allocation from FGN! It’s a great injustice to Lagos State! Enough is Enough
Lovely. Now you are reasoning
You know say na cow Dey consume. Some people self go just think upside down
All thanks to Governor Wike.
And hisba confiscated 3600 crates of drinks and they dont want other states to manage their various VAT Madness!
Una de sleep be4 abi
VAT is also a form of consumption TAX. Most goods aren't consumed in Lagos but the rest of Nigeria. Though I disagree with the current sharing formula, my argument is: States where goods are consumed should be the ones to collect. Lagos is only point of entry not consuming state.
Good morning Lagos
This is just politics... It can't work and cannot work. After the federal government invested so much in Lagos as a former capital. This will soon die down.... Awon werey 😂😂😂🤡
Good news. Up North they call us crumbs eater after so much hardwork from the south. Forgetting that regions who built false foundation will fall before their eyes some day.
This is Armed robbery Later the North will tell us they are more than the South in Number only when it comes to election & Census This Norths' massive number cant generate VAT for the North & cant buy up food from farmers Is that not a miracle
Very good
Yet buhari won lagos twice in 2015&2019. The best bet would be to goforoduduwa. Stop hiding under d VAT smokescreen when you guys are d greatest beneficiaries and enablers of d fulani mess, called Nigeria.
The North is a parasite to the South. They are blood suckers
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