the Value Added Tax and stamp duties, which are subject of raging legal tussles between some states and the Federal Government, noting that allowing the litigations to run the full course could be a major step towards strengthening the nation’s federalism.
“In April 2012, I delivered a lecture at the Osgoode Hall Law School, York University, Canada, entitled ‘Nigerian Federalism: A Case for a Review’ wherein I forewarned that Nigeria would surely run into stormy economic weather unless we reinvented our federalism, steering the country away from a military-imposed ‘feeding bottle federalism’ to one predicated on self-reliance, hard work, enterprise, and resourcefulness to catalyse national development and economic prosperity.
“It is untidy for the Presidency or its agency to come through the backdoor to seek legislative intervention in its favour on the same matter that is prejudice. “The bottom line of the raging tax ‘war’ is that having unwittingly killed industry, having elevated our nation to an oil dependent economy, and consequent upon the collapse of oil price amid other sources of energy, our economy is virtually collapsing, the naira has crashed to an all-time low, and the nation has come to rely more and more on taxes.
If anyone should talk about this VAT of a thing, not ekweremmadu and not any PDP senators, no way. They are the demons that refused to do the needful, but we shall see how it ends.
True senator with sense
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