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ECONOMY-FINANCE

VAT: Will N/Leaders Accept The New Document Showing Rep's Bill For States To Control VAT/Resources?

The issue of VAT (Value Added Tax) has caused a lot of misunderstandings between state governors and Buhari's Govt. The Governor of Rivers State (Nyesom Wike) and Sanwo-Olu (Governor of Lagos) stated that their states should be collecting VAT revenues instead of FIRS (Federal Inland Revenue Service).

  2 months ago ago
VAT: Will N/Leaders Accept The New Document Showing Rep's Bill For States To Control VAT/Resources?

JUSTICE

One Big Mistake FG Made Over The VAT Case Which Wike And Sanwo-Olu Can Use Against It In Court

Indication emerged which shows that the Value Added Tax (VAT) case may be decided by Supreme Court which is the highest court in the land. This is because Governor of Rivers State, Nyesom Wike and the Governor of Lagos State, Babajide Sanwo-Olu, have taken an appeal there seeking to overturn the stay of execution granted by the Court of Appeal in favour of President Muhammadu Buhari-led federal government.

  2 months ago ago
One Big Mistake FG Made Over The VAT Case Which Wike And Sanwo-Olu Can Use Against It In Court

ECONOMY-FINANCE

VAT: FG Not Taking Niger Delta Money To The North - Buhari's Aide To Wike

The Senior Special Assistant to the President on Public Affairs, Ajuri Ngelale has on Monday slammed the governor of Rivers State, Nyesom Wike for insisting on collecting VAT in his state. He described the governor as being tribalistic and aggressive in his call for the collection of Value Added taxes by south-south states.

  2 months ago ago
VAT: FG Not Taking Niger Delta Money To The North - Buhari's Aide To Wike

POLITICS

ANALYSIS: Inside Story Of How States Raise Small Amounts And Get Billions As Wike And Sanwo-Olu Kick

It started like a one man show when Governor Nyesom Wike of Rivers State opposed the collection of Value Added Tax (VAT) by the federal government. Wike opposed it and to prove that he was serious, he signed a law to allow Rivers State government to collect VAT in its territory.

  2 months ago ago
ANALYSIS: Inside Story Of How States Raise Small Amounts And Get Billions As Wike And Sanwo-Olu Kick

POLITICS

Wike's VAT Idea Gets Major Backing As One State Adopts It, Another APC Governor Opposes FG's Move

The idea of state collection of the Value Added Tax (VAT) initiated by Governor Nyesom Wike of Rivers State has received major backing. Image credit: Parrot Tv Although, the idea is being opposed by the federal government through the Federal Inland Revenue Service (FIRS) which had filed an appeal against state collection, the latest indication shows that more states are backing the idea.

  2 months ago ago
Wike's VAT Idea Gets Major Backing As One State Adopts It, Another APC Governor Opposes FG's Move

POLITICS

"Any Northerner That's Attacking Wike on This VAT Issue Does Not Mean Well for His Region" - Yakasai

Former media aide to Kano state governor, Salihu Tanko Yakasai a.k.a Dawisu, has reacted to the fracas between the Federal Inland Revenue Service (FIRS) and Rivers state Governor Nyesom Wike, over rights to collect Value Added Tax (VAT). Taken to his verified twitter page, the former freelance reporter at CNN err his opinion on the VAT issue saying any northerner not in support of Nyesom Wike and Babajide Sanwo-Olu's stand on the VAT issue, does not mean swell for his people and region.

  2 months ago ago

POLITICS

Why National Assembly May Pass A Bill That Allows Only FIRS To Collect VAT & Not States Like Rivers

The Federal Inland Revenue Service is desperately seeking methods to stop Rivers State Governor and other state Governors who want to collect VAT in their states. The agency which is part of the Ministry of Finance understands that the federal government will lose a huge amount of money if states like Rivers and Lagos collect VAT in their states.

  2 months ago ago
Why National Assembly May Pass A Bill That Allows Only FIRS To Collect VAT & Not States Like Rivers

JUSTICE

One Strong Reason The Appeal Court Unanimously Admitted That Lagos Should Proceed In VAT Collection

The struggle for the collection of VAT (Value Added Tax) had been a tremendous incident in the Nigerian political struggle for the past few months, as the Abuja division of the Court of Appeal on Thursday, admitted that the Lagos State Government should proceed with its legal battle as a party to the appeal on Value Added Tax collection between Rivers State Government and the Federal Inland Revenue Service, FIRS.

  2 months ago ago
One Strong Reason The Appeal Court Unanimously Admitted That Lagos Should Proceed In VAT Collection

ECONOMY-FINANCE

VAT: One Major thing Fayemi Wants As He Asks Supreme Court To Give Urgent Ruling

Many Governors have spoken out on the ongoing crisis over who has the right to collect Value Added Tax between the Federal Inland Revenue Service and the state governments. Photo credit: Vanguard Since the VAT crisis started, many influential political players have spoken on the issue. While some political players spoke against the idea of state administration of VAT because of its negative consequences on states with low taxes, some political players have commended the idea and believed it is the way to go.

  2 months ago ago
VAT: One Major thing Fayemi Wants As He Asks Supreme Court To Give Urgent Ruling

ECONOMY-FINANCE

[Opinion] How Rivers And Lagos States Move To Collect VAT Could Trigger Economic Growth

It is no longer news that the Rivers and Lagos States governments are pushing to be in charge of Value Added Tax (VAT) collection in their respective states. This move however, is being kicked against by the federal government, and some of the Northern states.

  2 months ago ago
[Opinion] How Rivers And Lagos States Move To Collect VAT Could Trigger Economic Growth

ECONOMY-FINANCE

3 Very Important Aspects Of The New VAT Unveiled By Wike Which Can Make More People Support It

Governor Nyesom Wike has finally unveiled the new Value Added Tax (VAT) in Rivers State as his government begins its enforcement this month. Image credit: Daily Post It will be recalled that Wike had opposed the collection of VAT from States by the Muhammadu Buhari led federal government through the Federal Inland Revenue Service (FIRS).

  2 months ago ago
3 Very Important Aspects Of The New VAT Unveiled By Wike Which Can Make More People  Support It

POLITICS

3 Strong Reasons States May Win The Case As Another Strong Governor Backs Wike And Sanwo-Olu On VAT

The issue of Value Added Tax (VAT) collection has been generating serious controversy as state governments and federal government seek ways to get exclusive rights to do so. Governor Nyesom Wike of Rivers State started the move to allow only states to collect VAT in their territories.

  2 months ago ago
3 Strong Reasons States May Win The Case As Another Strong Governor Backs Wike And Sanwo-Olu On VAT

ECONOMY-FINANCE

2 major revelations that signal the northern states are winning the VAT Crisis

The crisis over the Value Added Tax (VAT), between the Federal Inland Revenue Service (FIRS) and state governments, has led to several court cases in a bid to decide who has the right to collect VAT. Photo credit: Vanguard Recall that the FIRS has been collecting the VAT in all the states of the federation and shared it percentage among the federal, state, and local governments by the FIRS before the governments of Rivers and Lagos States kicked against the idea and vowed to introduce state administration of VAT.

  2 months ago ago
2 major revelations that signal the northern states are winning the VAT Crisis

JUSTICE

Lagos May Be Punished If It Goes On To Collect VAT After Court Stopped It From Doing So

Nigerian can remember that the Court of Appeal had ordered Governor Nyesom Wike and Governor Babajide Sanwo-Olu not to go ahead with the planned collection of the Value Added Tax (VAT). This order was given by the Court of Appeal after it granted the stay of execution demanded by the federal government through the Federal Inland Revenue Service (FIRS).

  2 months ago ago
Lagos May Be Punished If It Goes On To Collect VAT After Court Stopped It From Doing So

ECONOMY-FINANCE

Opinion: Why Is Governor Wike Kicking Against VAT Despite Ruling An Oil Producing State?

Governor Wike reacted to the federal government's collection of VAT from Rivers, Lagos, and Kano states in June. Image Source: Twitter The governor kicked against the federal government's collection of VAT in his state. The question is, why is Wike kicking against it despite the fact that he is ruling an oil producing state?

  2 months ago ago
Opinion: Why Is Governor Wike Kicking Against VAT Despite Ruling An Oil Producing State?

BUSINESS

After Paying 10k For The Night, See The Breakfast This Man Was Served By Hotel That Caused Reactions

Just like every commodity, the price of an hotel depends on the packaging and branding. An good might cost 30k in Lagos and cost half of that price in other locations, it all depends on the branding and packaging of the good. This also applies to hotel services! There are hotels that charge a lot of money, and you can't blame them because they offer top service! However, a disappointed man has taken to his social media page to show is pains to the the food he was served in an hotel. The man said he paid 10k

  1 year ago ago
After Paying 10k For The Night, See The Breakfast This Man Was Served By Hotel That Caused Reactions

OTHERS-TERRORISM

Boy, 20, amputated after deadly herdsmen attack while struggling to feed widowed mother

Victor Markus, 20, on Sunday had his right leg amputated after a deadly bullet from attacking herdsmen ruptured his bones and veins a forth night ago. He was riding on a motorbike with his friend, Mr. Gyang Gwom, at about 6:30pm, when ambushing herdsmen opened fire, hitting two of them. The attack near Vat village, in Foron District of Plateau State, the home of a Village Chief recently hacked to death in his compound by suspected herdsmen, had both victims surviving with severe injuries. Gyang Gwom, hit in

  1 year ago ago
Boy, 20, amputated after deadly herdsmen attack while struggling to feed widowed mother

SOCIETY

"Kano State Receives The Biggest Share Of VAT From Alcohol" - Reno Omokri

(Photo used for illustrative purpose) Reno Omokri, who's an Activist, Author, Humantarian and spokesman to the former President Goodluck Jonathan, took to his verified Twitter account to disagreed and expressed his discomfort on how the Kano State Government supports the destruction of alcoholic beverages owned by Southerners.

  6 months ago ago

BUSINESS

Opinion: How Minimum wage increment affected by V.A.T and hike in pump price

Verily; Minimum wage of N30,000 has no impact on Nigerians Civil servants. It has been reversed two times;sincse the time F.G increase Value added tax (V.A.T) and hike in fuel, electricity tariff, foods and others.  Value Added Tax (VAT), also known as Goods and Services Tax (GST), is a consumption tax that is imposed on products at each stage of the production process – from labor and raw materials to the sale of the final product. The amount of VAT that the user pays is on the cost of the product, less

  1 year ago ago
Opinion: How Minimum wage increment affected by V.A.T and hike in pump price