- A group called Western Region Organisation wants states in Nigeria to collect their own value added tax
- They urge the National Assembly to amend tax reform bills to allow states to manage VAT
- The Executive Director, Mr. Banji Ayiloge, believes this change will bring fairness and equity to the federal system
- The group criticizes the federal government for redistributing VAT funds, which they see as contrary to federalism
- They argue that allowing states to control VAT would spur development within the states
- The organisation recalls VAT’s origins with Ogun State Governor Bisi Onabanjo before it was taken over by the federal government
- They express disappointment in the current administration for supporting what they view as an unfair VAT system
- The group calls for policy changes to correct historical imbalances and urges regions to use their resources productively
- Ayiloge highlights the potential of the North for mechanised farming, suggesting it could significantly contribute to Nigeria’s agriculture
Source: thesun.ng
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
