Ogun VAT Bill 2021 Scales First, Second Reading
The proposed bill on the Ogun State Value Added Tax Law, 2021 has scaled first and second readings.
Lawmakers while extensively deliberating on the bill, unanimously agreed that the bill, when operational, would accord the State its rightful position as a viable federating unit amongst the comity of States generating worthy financial returns in the country.
In their Contribition, Mr Olakunle Sobukanla, Mr. Ganiyu Oyedeji, and Mr. Adegoke Adeyanju stressed the need for the enactment of the proposed law in the State to further improve revenue accruable to the State, with a view to ensuring a seamless funding of more developmental projects.
Other lawmakers including Mr. Kemi Oduwole, Mr. Oludaisi Elemide, and Mrs. Atinuke Bello, noted that the bill was meant to improve on the State’s financial status through tax revenue generation.
In his response, the Speaker of the house, Mr. Oluomo emphasized that the leading position of the Ogun State among the comity of States in the area of revenue generation must be complemented with equal remittance of allocation on monthly basis from the Federation account.