FISCAL federalism gained a toehold in Nigeria’s twisted federation on Tuesday when a Federal High Court in Port Harcourt, rejected an application by the Federal Inland Revenue Service seeking a stay of execution of the court’s earlier judgement affirming the right of the Rivers State Government to collect Value Added Tax within its territory.
According to the Tax Policy Center, a joint research venture by the Urban Institute and the Brookings Institution, unlike in a unitary government, “fiscal arrangements —assignment of taxing and spending powers— are at the very core of the contract between the constituent governments which combine to form the federation.
As in the sharing of revenue from the Federation Account among the states and the 774 LGs, injustice, dependency and severe constraints on fiscal independence and development underline the VAT imbroglio. For instance, Lagos and Rivers contribute over 70 per cent of VAT, others contribute very little. As Nyesom Wike, the governor of Rivers State, put it, “In June, N15.1 billion was collected as taxes from Rivers, but N4.7 billion was given to Rivers; N46.
OGA at the top is here , you say what again
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[BREAKING] VAT: Lagos applies to join FIRS appeal against Rivers - Punch NewspapersThe most widely read newspaper in Nigeria This is what should be expected from a strong Southern Nigeria protectorate. I'm really not surprised I make and sell footwear your RT n patronage will go a long way for my brand whatapps no:08090916669
Source: MobilePunch - 🏆 8. / 63 Read more »
[BREAKING] VAT: Lagos applies to join Rivers as FIRS appeals high court ruling - Punch NewspapersThe most widely read newspaper in Nigeria Delta is sleeping right? Now the Northern farmers will know what they are into. I make and sell footwear your RT n patronage will go a long way for my brand whatapps no:08090916669
Source: MobilePunch - 🏆 8. / 63 Read more »
[UPDATED] VAT: Lagos applies to join Rivers as respondents in FIRS appeal - Punch NewspapersThe most widely read newspaper in Nigeria
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BREAKING: Lagos Assembly passes VAT, open grazing bills - Punch NewspapersBREAkING: Lagos Assembly passes VAT, open grazing bills - Punch Newspapers pikaso_me I can see that a good number of states assemblies has continued to show stronger concerns about the recent happenings around the Nigerian federation! Imo State assembly men should rise to the responsibility conferred on them by the people! This is commendable! We've had enough of the leeches from the North. -
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VAT: Northerners attacking Wike don’t mean well for Arewa, says Ganduje’s ex-aide, Yakasai - Punch NewspapersThe most widely read newspaper in Nigeria Fear don catch them😂😂😂 wahala Nigeria History books will have it that Gov Wike initiated the most peaceful restructuring in Nigeria, without firing a single bullet.Thats a master stroke from him.
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Rivers VAT judgment enhances federalism, states should demand freedom now –Afenifere - Punch NewspapersThe most widely read newspaper in Nigeria Honestly, if I see GovWike on any ballot box as president, I will give him my vote I like any one taking Constitutional steps to set the people free More power to your elbow GovWike..
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