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VAT Collection: Main Reason Why Southern Governors Insisted On Collecting VAT

The struggle for VAT collection has been condemned by some states in the country, as the southern regional governors of the Nigerian States has on Thursday, insisted that their States have the right to collect Value Added Tax (VAT). This declaration of the southern governors was jotted during their third meeting held in Enugu State. 

Photo credit: Wikipedia

The meeting was in continuation of the earlier meeting held in Asaba, Delta State capital and Alausa of Lagos State, where the Governors agreed to place ban on open grazing in order to curb the unending farmer/herders crisis, restructuring of the country and call for state security. 

Photo credit: Channels Television

Going straight to the point of view on why the southern governors insisted on collecting VAT, according to the statement made by the Governors during their meeting, it was gathered that the collection of Value Added Tax (VAT) by the northern state governments would go a long way in boosting their economic growth and development. Unlike the Federal Inland Revenue Service (FIRS), which has the responsibility of collecting VAT which goes into the coffers of the federal government, Value Added Tax (VAT) would be beneficial to the interim state government. 

Photo credit: Vanguard

The southern states Governors also agreed that the contentious collection of VAT should be done by the state government, insisting that the state governments have the powers to collect Value the VAT. 

Chairman of the forum and governor of Ondo State, Chief Rotimi Akeredolu read the communique from the meeting.

Photo credit: Vanguard

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