Regional security organ, NDDC board, VAT, PIA, relocation of all NNPC subsidiaries and IOCs headquarters topped the agenda of the South-South BRACED Governors Council.
Gov. Wike has highlighted why Nigeria must encourage federating States to harness their resources and generate revenues, including VAT, to advance their development.
Governors of Southern States of Nigeria, under the aegis of Southern Governors Forum (SGF), have resolved to support the position that the collection of Value Added Tax, VAT, falls within the powers of the states.
Sen. Ekweremadu has stated why the National Assembly must not to embark on any legislation over the collection of VAT and Stamp Duties, which are subjects of raging legal tussles between some states and the FG.
At interface with corporate bodies, Gov. Wike said FIRS illegally received 7.5% of the contract sum awarded by Rivers State as Value added Tax (VAT).
A Federal High Court sitting in Port Harcourt, has dismissed an application by the Federal Inland Revenue Service, FIRS, seeking to stop the Rivers State Government from collecting Value Added Tax (VAT) and related taxes in the State.
Gov. Wike explains in statewide broadcast why states, which are the federating units of Nigeria, should see Rivers’ legal victory on Value Added Tax (VAT) as a fiscal Federalism enabler.
“If Nigeria is a federal republic, then she ought to be operated as such. There should be strict adherence to the rule of law; the constitution and nothing else should guide actions of the government at all levels. These are what statesmen like Governor Nyesom Wike stand for,” Dornubari Kiinee writes in Opinions.
