Ogun VAT bill: Abiodun asked to give larger share to local govts

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Governor Dapo Abiodun has been told to give a larger percentage of the Value Added Tax (VAT) to local governments in Ogun State after passing the bill

The suggestion was made on Thursday at the stakeholders’ forum on the Ogun Value Added Tax Law, 2021, held at the Assembly Complex, Oke-Mosan, Abeokuta.

During the forum held today, the Speaker, Olakunle Oluomo, posited that the bill is to ensure equity and fairness in revenue sharing among the federating units. With this, the Speaker held that Ogun State had the right to collect VAT, assuring stakeholders of speedy passage of the bill. On their parts, stakeholders including the representatives of the State Chapters of Association of Nigerian Authors and the Guild of Public Affairs Analysts, Dr. Paul Oni, Committee for the Defence of Human Rights , Yinka Folarin; Director of Industrial Promotion in the Ministry of Industry, Trade and Investments, Engr. Kehinde Akintomide; a former member of the Assembly, Habeeb Ajayi and others called for a review of the collectables under VAT.

 

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