Business & Economy

What Southern Governors Decided On VAT Collection Controversy

Nigeria’s Southern Governors Forum has decided over the entanglement surrounding VAT collection controversy in the region, adding that states will begin the collection of the Value Added Tax (VAT).

Brandnewsday reports that this was made known in a communique read by the Ondo State Governor and Chairman, Southern Governors Forum Arakunrin Oluwarotimi­ Akeredolu amid hullabaloo going on between the Rivers and Lagos State and the Federal Government.

The governors who held their meeting at the Enugu Government lodge also reaffirmed their stand on the open-grazing ban, urging every State in the region to quickly pass a law in that regard.

Advertisement

READ: VAT Collection: Why It Might Be Of More Benefits To Have A Reviewed Sharing Formula— By kazeem Abiodun Kareem

The communiqué reads in part,” The Nigerian Southern Governors Forum at its meeting of today, Thursday, 16th September 2021 held in the Government House, Enugu, reviewed the state or the nation and the progress of implementation of the decisions reached in her previous meetings and further resolved as follows:

”Expressed satisfaction with the rate at which the States in Southern Nigeria are enacting or amending the Anti- Open Grazing Laws which align with the uniform template and aspiration of Southern Governors and encouraged the States that are yet to enact this law to do so expeditiously.

Advertisement

”Encouraged the full operationalization of already agreed regional security outfits; which would meet, share intelligence and collaborate, to ensure the security and safety of the region.

Southern Governors Forum Meeting Today: What Southern Governors Decided On VAT Collection Controversy

”Reaffirmed its earlier commitment to Structural and fiscal federalism as resolved at the inaugural meeting of the Forum held on Tuesday, 11th May 2021 at Asaba, Delta State, and emphasized the need for the Southern States to leverage the legislative competence of their respective State Houses of Assembly as well as representation in the National assembly to pursue its inclusion in the Nigeran Constitution through the ongoing constitutional amendment.

”Following from paragraph 3 in the above, the meeting resolved to support the position that the collection of VAT falls within the powers of the States”.

Advertisement

Southern Governors Forum attendance

The Southern Governors Forum attendance includes Ifeanyi Okowa of Delta, Babajide Sanwoolu, Lagos, Gbega Oyetola, Osun, Emmanuel Udom, Akwa Ibom, Nyesom Wike, Rivers, Dapo Abiodun, Ogun and the host Governor Ifeanyi Ugwuanyi of Enugu State.

Deputy Governors present included Rauf Olaniyan, Oyo, Bisi Egbeyemi, Ekiti, Philip Shuaib, Edo, Ude Okochukwu, Abia, Kelechi Igwe, Ebonyi, Placid Njoku, Imo.

Facebook Comments
Advertisement
Brand News Day

Recent Posts

How To Create Profitable Ice Cream Business In Nigeria Despite Challenges

Starting an ice cream venture in Nigeria presents strong profit potential for entrepreneurs who can…

3 days ago

WARC Unveils Multiplier Playbook: The CMO’s Guide To Integrating Brand And Performance Advertising

May 19, 2026 – There is a “say-do gap” in Brand and Performance Advertising: most…

3 days ago

Nigeria Files N66.4 Billion Tax Fraud Charges Against Saipem Contracting, Directors

The Federal Government of Nigeria has arraigned Saipem Contracting Nigeria Limited and two of its…

3 days ago

Nigerians Prioritise Mobile Data Over Food As Annual Consumption Hits 5.4 Million Terabytes, Report Reveals

A growing digital dependency is redefining everyday survival in Nigeria, where access to mobile data/mobile…

1 week ago

Global Ranking, Local Identity: How Guinness Conquered Nigeria By Becoming Nigerian

Guinness has ranked Nigeria as its third-largest market worldwide, reinforcing the country’s growing importance to…

2 weeks ago

Stanbic IBTC Reinforces Leadership In Trade Finance At GTR West Africa 2026

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a member of Standard Bank…

2 weeks ago

This website uses cookies.