Connect with us

Latest News

Lagos Signs VAT Bill Into Law

Published

on

Sanwo-Olu Signs Anti-open Grazing Bill Into Law

Lagos State Governor Babajide Sanwo-Olu has signed the state Value Added Tax (VAT) Bill into law.

The State Commissioner for Information Gbenga Omotosho disclosed this in a statement on Friday.

“Lagos State Governor Babajide Sanwo-Olu has signed into law the State VAT Bill as passed by the House of Assembly.

“The governor signed the ‘bill for a law to impose and charge VAT on certain goods and services’ at about 11.45 a.m. today, after returning from an official trip to Abuja. By this act, the bill has now become a law,” Omotoso said.

The Lagos State House of Assembly had on Thursday unanimously passed the bill.

Consumers pay VAT when they purchase goods or obtain services. All goods and services (produced within or imported into the country) are taxable except those specifically exempted by the VAT Act.

READ ALSO: You Can’t Collect VAT Revenues Yet, Appeal Court Tells Rivers, Lagos

The VAT rate was raised in Nigeria from five percent to 7.5 percent in 2020.

VAT collection by the Federal Inland Revenue System (FIRS) on behalf of the Nigerian government has been a subject of controversy.

The FIRS, which administers the tax, transfers the generated revenue to the three levels of government via the federation accounts allocation committee (FAAC).

Recently, a court in Port Harcourt restrained FIRS from the collection of VAT and empowered the Rivers state government to take charge.

After the ruling, the Lagos State government began to domesticate a law to guide the collection of its VAT and warned FIRS to obey the Rivers ruling.

Governor Nyesom Wike of Rivers State on Thursday signed into law the bill on Value-Added Tax (VAT) collection in the state.

Wike signed the bill which was recently passed by the state House of Assembly attached the Government House, Port Harcourt.

 

Read more authentic news on our social media platforms

Continue Reading
Click to comment

Latest News

Black Saturday As 10 Confirmed Dead, Others Injured In Abuja Church Stampede

Published

on

By John Michael Ojo

No less than ten individuals have been confirmed dead following a stampede which took place in an event organized by Holy Trinity Catholic Church, situated in the Maitama area of Abuja on Saturday morning.

It was stated that the church had intended to distribute rice as palliative to the people during the event before the tragedic incident took place.

While confirming the development, in a statement signed by the Abuja Police Command Force Spokesperson, SP Josephine Adeh, the Command said ten individuals died, while eight others sustained varying degrees of injuries.

The statement reads: “This tragic event, which happened at about 6:30 am, led to a stampede that claimed the lives of ten (10) individuals, including four (4) children, and left eight (8) others with varying degrees of injuries. Four (4) of the injured have been treated and discharged, while the remaining victims are receiving medical care.

‘’To prevent such unfortunate incidents in the future, the Command hereby directs that all organizations, religious bodies, groups, or individuals planning any public event, charitable activity, or large gathering in the FCT must notify the Police Command in advance. This will allow the deployment of adequate security measures to ensure public safety and prevent avoidable tragedies.

“Failure to comply with this directive will result in the organizers being held liable for any incident or loss of life resulting from their negligence.

’The FCT Police Command remains committed to safeguarding lives and property in the Territory. Members of the public are encouraged to collaborate with the Police by adhering to these guidelines and promptly reporting emergencies through the FCT Control Room via 0803 200 3913 or 0806 032 1234”

In a similar vein, an unspecified number of people mostly woman have reportedly lost their lives in Okija community of Anambra state in a stampede.

New Times gathered that the stampede was said to have occurred on Saturday morning during an event for the distribution of rice organized by Obi Jackson Foundation.

Saturday’s stampede comes barely 72 hours after a similar occurrence took place in a funfair event organized by a former queen of Ooni of Ife in Ibadan, Oyo State capital where nearly 40 children have been confirmed dead by the state authorities.

The repeated stampede is a testament to the current economic hardship being faced by the masses as a result of the economic policies of President Tinubu in recent times.

Continue Reading

Latest News

Ogun Information Ministry Defends N2b Budget Proposal, Pledges More Service 

Published

on

Kayode Akinmade at the defence of the budget proposal.

Ogun State Ministry of Information and Strategy says it will continue to deploy all communication strategies to serve all organs of government in the promotion of government policies and programmes through a two-way communication channel between the people and the government.

The Special Adviser to the State Governor on Media and Communications, Mr. Kayode Akinmade, gave the assurance on Friday, while defending the ministry’s budget proposal for next year before the members of the House Committee on Finance and Appropriation, led by Hon. Musefiu Lamidi at the Assembly Complex, Oke-Mosan, Abeokuta.

Akinmade reassured the Assembly that the ministry was cognisant of the principles of separation of powers, and would continue to render the necessary assistance to all arms of government in publicising their activities.

He noted that the next fiscal year would see to the utilisation of more strategies to mobilize the people for positive development, stressing that more reawakening of the people towards embracing the State’s core values alongside branding to leverage the successes achieved by the Prince Dapo Abiodun-led administration’s development projects would also be explored.

To this end, the ministry proposed a total budget expenditure of N2.023 billion for the next fiscal year, out of which N328 million would go for capital, N1.23 billion for overhead and the remaining N461million would take care of personnel.

Responding, the House Committee members sought more collaborative efforts from the ministry in mobilising the people towards government laudable policies and programmes.

Other agencies that had their budget proposals defended before the State lawmakers were the State Television (OGTV) and its State Broadcasting Corporation counterpart (OGBC), as well as the State Ministry of Culture and Tourism.

Continue Reading

Latest News

Yuletide: Abiodun Tasks New Police Commissioner On Security

Published

on

L-R: Deputy Commissioner of Police (Administration), Sagir Ismail; Ogun State Commissioner of Police, Lanre Ogunlowo; Governor Dapo Abiodun; Deputy Commissioner of Police (Operations), Bolanle Muritala, and the Deputy Commissioner of Police (CID), Bode Ojajuni, during the visit of Ogunlowo as the newly appointed Commissioner of Police to the Governor at his office, Oke-Mosan, Abeokuta, on Thursday.

Ogun State Governor, Prince Dapo Abiodun has called on security agencies to design and deploy workable strategies that would ensure adequate protection of life and property during this Christmas period.

The governor made the call when he received the new Commissioner of Police, Ogun State Command, Mr. Lanre Ogunlowo, who paid him a courtesy call in his office at Oke-Mosan, Abeokuta.

Abiodun commended the security agencies for ensuring peace and tranquillity, noting, however, that unscrupulous people are bound to take advantage of the period to cause security breaches in the state.

He said: “As we approach the yuletide period, we all know that this period comes with its challenges. Those who are bent on carrying out nefarious activities, the get-rich-quick schemes, will also get a bit desperate, so I want to admonish you to please develop or design strategies to ensure that this yuletide period is peaceful for everyone, allowing us to celebrate and enjoy with our eyes closed and not have to worry about the breakdown of law and order.

“I want to enjoin your colleagues to please join hands with you the way they had cooperated with your predecessor so that together we can continue to build the future of Ogun State to achieve the future of our dreams.”

According to Abiodun, the state is unique in terms of geographical location as it shares borders with four states and an international border, noting that this has brought about an influx of people to work and attend educational institutions, thereby raising numerous security concerns for the government.

The governor, while informing the new State police chief about the steps taken to secure the State and its people, said his administration reinvigorated the State Security Trust Fund to provide modern equipment and logistics to the security agencies, noting that this had helped make Ogun one of the most peaceful states in the country.

He emphasized the importance of inter-agency synergy, which he said had contributed to the peace being enjoyed in the state.

Prince Abiodun maintained that the State’s position as number three in Internally Generated Revenue would not have been possible in an atmosphere of insecurity.

“Like they say, you cannot have any socio-economic development in an atmosphere of insecurity. You can build all the roads, all the airports and seaports, but if there is an atmosphere of insecurity, or even if there is a perception of insecurity, nobody will come to that State,” the governor noted.

The governor pointed out the issue of cultism, which is prevalent in some parts of the state, urging the new police chief to liaise with his colleagues from other agencies to find a final solution to it.

Governor Abiodun commended the Inspector General of Police (IGP) for deploying a highly intelligent and professionally sound officer to the state and equipping him with two Armoured Personnel Carriers, adding that the new CP’s practical training and qualifications have prepared him for the position.

“I want to thank the Inspector General of Police who has found you worthy of this deployment. I want to thank him because he remains one of our proud illustrious sons who has not let us down. Ogun State is known for exporting such human capital, and he is one of those we exported to the federal government, and he is up to our expectations,” he added.

While pledging to do all it takes to keep the State peaceful, the State helmsman assured that his administration would continue to support the State Police Command and other security agencies to maintain peace and order across the State at all times.

Speaking earlier, the new Commissioner of Police, Mr. Lanre Ogunlowo, said he is in the State to add value to what he met on the ground, assuring that with the support of the state government, cooperation from sister security agencies, and the additional Armoured Personnel Carriers given by the Inspector General of Police, he would work to secure the people and gain their trust.

“I had the privilege of working in the tactical intelligence unit of the Nigeria Police Force in the past, and I have a good understanding of the situation regarding cultism. As I mentioned when the governor was speaking to me, the Inspector General of Police graciously approved logistics, including Armoured Personnel Carriers (APCs), for Ogun State when I was coming. They would soon be here.

“I have a good team on the ground. As I said, I will improve on what I met on the ground. Before I left yesterday, I had a conversation with our anti-cultism unit, and we have some strategies in place.

“What I can assure you is that we will do all that is needed to address this issue, especially at a time like this. We will engage all stakeholders; we know we can’t do it alone, but we’ve got the wherewithal to deal with it,” he said.

Ogunlowo pleaded with the people to support the police and other security agencies in achieving their mandates, adding, “Let’s enjoy the season, let’s be careful, let’s respect the rights of others. We want peace; criminals should stay away and let the people of Ogun State enjoy the moment. We will be on the ground for that.”

Continue Reading

Top Stories