Ogun State is set to join Lagso and Rivers in fighting for control of the Value Added Tax (VAT) generated within their territories.
A bill to ensure this has passed second reading at the Ogun State House of Assembly.
The Ogun State Value Added Tax Law, 2021 scaled the first and second readings at the Assembly on Tuesday.
The lawmakers unanimously agreed that the bill is essential to accord Ogun its rightful position as a viable federating unit, especially as one generating worthy financial returns in the country.
Speaker of the Ogun State House of Assembly, Olakunle Oluomo, who presided over the session asked the Committee on Finance and Appropriation to take further legislative actions on the bill.
He announced that the Assembly would organise a public hearing on the bill on Thursday, September 16, at 10:00 am prompt.
Speaking further on the bill titled, “H.B No. 73/OG/2021- A Bill for a law to impose and charge Value Added Tax on certain Goods and services, provide for the administration of the Tax and for related purposes”, Oluomo said it is part of the fulfilment for true federalism.
He added that the revenue generation of Ogun State must be complemented with equal remittance of allocation on monthly basis from the Federation account.
A motion for the second reading of the bill was moved by the Majority Leader, Yusuf Sheriff, seconded by Ganiyu Oyedeji and supported by the Whole House through a voice vote.
