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,...

Udom Emmanuel, governor of Akwa Ibom State, has said the decentralisation of value-added tax (VAT) collection will be beneficial to every state in the country. He made his stand public on Thursday when he featured on an Arise TV programme. According to him, those against the decentralisation of VAT collection can’t envision its hidden potential. Udom opined that the decentralisation of VAT collection will favour every single state in the country. “If my brother states...

LAGOS — Multichoice Nigeria Limited (MCN) has said the directives of the tax appeal tribunal (TAT) have been executed, noting that it has deposited into the FIRS account, an amount required by the law. The company announced this on Thursday at the resumption of the tribunal hearing over the alleged N1.8 trillion tax evasion dispute. TAT at the last hearing, had endorsed the FIRS submission and instructed Multichoice Nigeria Limited to deposit with the FIRS...

GOMBE —The stand of the Lagos and Rivers state government on the collection of value-added tax (VAT) should serve as a wake-up call to other states says Inuwa Yahaya, governor of Gombe state. Yahaya admitted that the Gombe state government would be unable to pay salaries without the income generated from VAT. He said this while speaking to some All Progressives Congress (APC) stakeholders from Gombe south senatorial district on Monday. He noted that 35...