Sign in
Download Opera News App

 

 

VAT Saga: What The SGF Should Consider As FG Excludes Rivers State From Benefiting In New Loan

A recent development report from Sahara Reporters has just disclosed how the Rivers state government has kicked against the recent actions of the Federal government after it excluded Rivers State from states that would benefit from the new loan the FG is set to borrow from World Bank.

Photo Credit: Punch

The report however made it clear that the development was in line with the recent agitation of the state governor, Sir Nyesom Wike for states to be allowed to collect VAT and harness their economy.

Governor Wike who frowned at the gesture of the FG on excluding his state from the beneficiaries of the loan described the development as an act of discrimination against Rivers State, while insisting that if the Federal government doesn't like Rivers State that it should at least allow him to continue with the internal VAT collection process.

Photo Credit: Daily Trust

In the light of this development, it may also interest to recall that the Southern Governors Forum (SGF) had some days ago thrown their weight behind the decision of Governor Wike and Sanwo-Olu to start collecting VAT in their states to be able to harness their resources and economy.

Photo Credit: Premium Times

However, considering the recent gesture exhibited by the Federal government I strongly suggest that the Southern governors should reconvene their meeting considering the VAT issue and agree on a fair resolution, which is to allow the FIRS to continue collecting VAT on behalf of the Federal and state governments but under a strict condition. That the FIRS must agree to only collect their 5% commission and remit the rest to 36 states according to the percentage rate of their revenue generation.

Photo Credit: Facebook

What do you think about the submission?

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

Federal Nyesom Wike SGF Sahara Reporters Southern Governors Forum

COMMENTS

Load app to read more comments