Connect with us

News

VAT WAR: North’s governors kick against VAT laws in states, say southern governors are confused

Published

on

VAT, GOVERNORS

 

Governors from the northern part of the country have kicked against the establishment of Value Added Tax (VAT) laws by Rivers and Lagos states.

They claimed that the enactment of VAT law by states will lead to multiple taxation and push up prices of goods and services.

Under the auspices of the Northern States Governors’ Forum (NSGF), the governors said VAT laws in states would lead to the collapse of inter-state trade.

In a communique read by its Chairman, Plateau State Governor Simon Lalong, they described their southern colleagues as confused on VAT collection.

Recall that Rivers and Lagos states have enacted VAT laws. The VAT has become a legal issue between the Federal Government and the two states over which tier of government has right to collect the revenue.

The NSGF said Lagos accounts for over 50 per cent of VAT collection because most of the telecommunication companies, banks, manufacturing and other trading activities have their headquarters domiciled in the state.

See also  Good morning! Here Are Major News Headlines In The Newspapers Today: Gbajabiamila threatens to order arrest of Emefiele over failure to appear before committee

Noting its constraint by the pending VAT matter before the courts, the forum stressed the importance of speaking on it to educate the general public.

In the communique, the governors said they will only respect the outcome of Supreme Court’s ruling on the VAT row.

The communique reads: “The Northern State Governors Forum considered the on-going National debate on the collection of Value Added Tax (VAT). As responsible leaders while we are constraint by the fact that the matter is sub judice we however for the purposes of educating the public make the following observations:

“The judgement of the Federal high Court calls to question the constitutionality of VAT, withholding tax, education tax, Niger Delta Development Commission, National Information Technology Development Agency, 13% derivation, National Economic Development Council and many other currently levied and collected by the Federal Government of Nigeria, Federal Inlands Revenue Service.

“Rivers and Lagos State Government had enacted their own VAT laws and the Southern Governors Forum have expressed support for this course of action;

See also  Good morning! Newspaper Headlines Today: Autonomy standoff: Governors get N4.5tn LG funds one year after S’Court ruling

“VAT is being confused by these State Government as a sales tax. If every State enacted its own VAT Law, multiple taxation will result in increases of prices of goods and services and collapsed in interstate trade. VAT is not a production tax like excise, but terminal tax which is paid by the ultimate consumer.

“Another confusion is ignoring observation above and its ‘overall effect’. The reason Lagos account for our 50% Vat collection is because most of the telecommunication companies, Banks, manufacturing and other trading activities have their headquarters in Lagos with the resultant and wrongful attribution of VAT.

“Until and unless the Supreme Court pronounces judgement on the substantive matter between Rivers State and Federal Government, the matter is subjudice and Northern States Governors Forum would respect this.”

 

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Ogbomoso pupils, teachers rescue a big relief to Nigeria – Tinubu

Published

on

By

President Bola Tinubu on Friday evening said the rescue of the abducted pupils and teachers from schools in Oriire LGA of Oyo state has brought relief to the entire nation.

The president’s special adviser on information and strategy, Bayo Onanuga, said in a statement that Tinubu “expressed profound joy” over the successful rescue of the victims.

Onanuga said the president commended the military, the Department of State Services (DSS), and the police “for working round the clock in the last 56 days to secure the release of the abducted children and their teachers without any collateral damage and for arresting eight of the abductors and neutralising others.”

Onanuga said Tinubu also expressed regret over the suffering endured by the children, their teachers, their families, and the nation since the abduction.

The president praised the Oyo state government for working closely with the federal government throughout the rescue operation and urged the state to strengthen security around schools.

See also  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Labour to govs on minimum wage: Retrieve Nigeria from state of resentment, misery

“I am profoundly happy that our security forces successfully rescued the abducted pupils and teachers from Orire, Ogbomoso in Oyo State today after a military, police and intelligence-driven operation that neutralised some of the terrorists that perpetrated the evil act and the arrest of eight of them,” the statement reads.

“This successful military operation has ended the siege and standoff of over 50 days and has brought relief to the entire nation and the affected families in particular. 

“On behalf of the country, I express my gratitude to the officers and men of our armed forces, the intelligence agencies and the police for the safe rescue of the children and their teachers.

“My government will get justice for these children and their teachers and for the family of Mr Oyedokun, who the terrorists gruesomely murdered.

“I must commend the government of Oyo State for working cooperatively with us in bringing this unfortunate incident to a successful end.”

See also  VAT BATTLE: Fed Govt directs firms to pay VAT to FIRS

The president also directed emergency agencies to work with the Oyo state government to provide the rescued children and teachers with all necessary medical care and relief support.

According to reports, the pupils and their teachers were rescued during a joint operation involving personnel of the Nigerian Army and the police, backed by intelligence from the DSS.

A security source said at least nine of the bandits were killed during the operation, while eight were arrested and are in the custody of the DSS.

Continue Reading

News

Makinde thanks Tinubu over rescue of abducted Ogbomoso pupils, teachers, says it’s a big relief

Published

on

By

Governor Seyi Makinde of Oyo state has said that he is overjoyed following the rescue of pupils and teachers abducted in Oriire LGA of the state.

The victims regained their freedom on Friday after spending 56 days in captivity, following a coordinated operation involving the military, the Department of State Services (DSS) and the police.

Speaking with Channels Television shortly after the rescue, Makinde described the development as a huge relief for the state.

He thanked President Bola Tinubu for pushing for their release.

“It is such a big relief for all of us. Just right now, I am overjoyed and can hardly say much,” the governor said.

“I use this opportunity to say a big thank you to all the service commands, the police, DSS, military and, of course, the president for pushing for their release.”

On May 15, gunmen attacked Baptist Nursery and Primary School, Yawota; Community Grammar School, Esiele; and LA Primary School in Ogbomoso, all in Oriire LGA.

See also  South Africa election: ANC loses majority, needs allies to form new government

The sad incident prompted the Oyo state government to shut schools in four LGAs as security agencies intensified rescue efforts.

Protests were organised in some parts of the country to demand the rescue of the abducted schoolchildren.

On May 18, Makinde said one of the teachers abducted during the attack was killed in captivity.

Continue Reading

News

Eight kidnappers arrested, others killed – Presidency

Published

on

By

Following the heart-warming news of the rescue of the pupils and teachers abducted in Orire Local Government Area of Oyo State, the Presidency has confirmed that eight of the kidnappers have been arrested and are now in the custody of the Department of State Services, while some others were neutralised during the operation.

Bayo Onanuga, special adviser to the president on information and strategy, disclosed this in a follow-up post on his verified X handle on Friday after he announced the victims’ release.

Onanuga said no concession was made to the terrorists to secure the freedom of the abducted pupils and teachers.

Onanuga explained that the kingpin whose release the kidnappers had demanded was neither freed nor spared, as he remains under prosecution for offences linked to his terrorist activities.

He wrote, “Updated: in the course of the rescue operation, eight of the kidnappers were arrested and are now in DSS custody, while some of them were neutralised.

See also  BREAKING: The party supports APC governors over naira redesign, says Adamu

“There was no quid pro quo in the rescue as one of the terrorists, a kingpin, that the kidnappers demanded his release, is being prosecuted for his atrocities. The security agencies will give full account soon.”

He added that security agencies would soon provide a comprehensive account of the operation.

The pupils and teachers had spent weeks in captivity after gunmen stormed three schools in the Esiele and Yawota communities of the local government area on May 15, killing a teacher and later beheading another in a video that sparked national outrage.

Continue Reading

Trending News