FG Considering Taking States to the Supreme Court over VAT

ABUJA — The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has said that the Federal Government, may, at the Supreme Court, challenge states that legislated on the Value Added Tax. Malami said this while answering questions from State House correspondents after the meeting of the Federal Executive Council at the Presidential Villa, Abuja. Responding to his position on VAT and governors’ push for states to take custody of the tax, the...

Anambra State House of Assembly Begins Consideration of the Anti-Open Grazing Bill

AWKA — The Anambra State House of Assembly today commenced consideration of the Anti-open grazing bill which was sent to the House Committee on Agriculture chaired by Hon. John Nwokoye, member representing Awka North constituency. Following the sensitivity of the bill, last week, the Committee on Agriculture held a public hearing to elicit diverse responses on various clauses of the bill and the hearing was well attended by stakeholders not only in the agricultural sector...

It is Illegal and Political Suicide To Support Herdsmen, Falana to FG

ABUJA — Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has said the Federal Government’s decision to support herdsmen who are planning to challenge the anti-open grazing law in court is not only unconstitutional but political suicide. The activist said this in a statement on Monday while reacting to a report quoting the Special Assistant on Media to the Attorney-General of the Federation and Minister of Justice, Dr. Umar Gwandu, that the Federal...

South-South States to Join Rivers, Lagos at the Supreme Court Over VAT

ASABA — South-South Governors have declared their intention to join Rivers state at the Supreme Court in the ongoing tussle on the collection of Value Added Tax (VAT) by states. In a statement signed by its chairman and governor of Delta, Ifeanyi Okowa, the forum said, “We Unequivocally support the decision for states to collect value-added tax, and resolved to join the suit before the Supreme court.” The decision follows a meeting by the forum...

Decentralization of VAT Collection is Detrimental to Interstate Trade – NGF

KADUNA — The Northern Governors Forum (NGF) has said the collection of value-added tax (VAT) by states will result in inflation in the prices of goods and services. The forum asserted that such a move will also create interstate trade barriers. This resolution was at a meeting with northern state emirs and chiefs in Kaduna on Monday. “VAT is being confused by these State Government as a sales tax. “If every State enacted its own...

Lagos Will Do More for Residents if VAT is Decentralized – Sanwo-Olu

LAGOS — The state government will be able to do more for residents if allowed to collect value-added tax (VAT), according to the Lagos state governor, Babajide Sanwo-Olu. The governor made his point on Sunday at the 61st Independence Day celebration service, held at the Chapel of Christ The Light, Alausa, Ikeja, Lagos state. The FIRS has been embroiled in a legal tussle over VAT collection with the Lagos and Rivers state government in the...

eNiara: CBN Launches Website for First Digital Currency

ABUJA — The Central Bank of Nigeria (CBN) has launched an official website for the operations of eNaira, the country’s first digital currency. According to a report by TheCable, the website, www.enaira.com, started running on Monday, despite been at still at the development stage. Godwin Emefiele, governor of the CBN, had said the pilot scheme of eNaira would commence on the 1st of  October 2021. “We have all the approvals and mandates to launch on...

Negative Publicity On Security Challenges Hinders Genuine Businesses- Bello

MINNA — Niger State Governor Abubakar Sani Bello, has said negative publicity on the security challenges in Nigeria has continued to hinder genuine businessmen’s effort to invest in the country. Bello who is also the Chairman North Central States Governors Forum (NCSGF), is attending a bilateral, economic, trade and investment forum in Istanbul, Turkey, disclosed that the Nigerian government has recorded significant progress in addressing the problems of insecurity, stressing that, though it will take...

Sanwo-Olu Gives New Reason for Lagos to Collect VAT

LAGOS — Lagos State Governor, Mr. Babajide Sanwo-Olu, on Sunday, said the state will do more for citizens if allowed to collect the Value Added Tax. The governor also explained that allowing Lagos to collect VAT is a way of promoting fairness justice, and equity, which are needed for Nigeria to progress at 61. He said this at the 61st national Independence Day Celebration service held at the Chapel of Christ The Light, Alausa, Ikeja,...

We’ll Open Up Maritime Sector to Huge Investment Opportunities – Amaechi

LAGOS — The Minister of Transportation, Mr. Chibuike Amaechi, has said that the maritime sector was being opened up for great investment opportunities given the ongoing removal of wrecks. Amaechi made this known on Friday, in Lagos, at the official launch of the removal of wrecks along the Badagry creek from Tincan Island to Navy Town, Lagos. He also commended Dr. Bashir Jamoh, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), for...

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