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VAT: North is rich, can survive on its resources - NEF

In a recent report, the Northern Elders Forum through its Director of Publicity and Advocacy, Dr. Hakeem Baba-Ahmed, on Tuesday when he was featured on Arise TV’s programme ‘The Morning Show’ said that the north is a very rich region and can live without the “billions” accruing to Southern states.

He disclosed this when reacting to the tussle between states and the Federal Government on the collection of Value Added Tax (VAT).

As we all know, VAT is a consumption tax paid when goods are purchased and services are rendered. It is been charged at a rate of 7.5 per cent.

Recently, Rivers and Lagos states have started the process of collecting VAT within their states, it was also reported that the Court of Appeal in a ruling on September 10 stopped the collection pending the determination of an appeal filed by the Federal Inland Revenue Service against the judgment of the Federal High Court sitting in Port Harcourt.

Content created and supplied by: Thengblog (via Opera News )

Arise TV Court of Appeal Hakeem Baba-Ahmed Lagos Northern Elders Forum


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