Nigeria

IPAC lauds Lagos Assembly for passing VAT, anti-open grazing bills

The Lagos State House of Assembly

The Lagos state chapter of the Inter-Party Advisory Council of Nigeria (IPAC) has commended members of the Lagos State House of Assembly for passing the Value Added Tax (VAT) and the Anti-Open Grazing bills 2021, saying they were “timely and met the yearnings of the people.”

Mr Abiodun Salami, IPAC’s publicity secretary, in a statement on Friday described the action of the House as a bold step towards bringing a harmonious relationship among all the ethnic groups in the state.

According to IPAC, the bills will not only enhance the economy of the state but also guide against lawlessness.

“With the Anti-Open Grazing bill, the peaceful coexistence of farmers and herders would further promote unity and development.

“The VAT bill is long overdue and we support the action of the lawmakers because the bill would promote fiscal federalism, which the people have been yearning for.

“The VAT bill is long overdue for us in Lagos, because the majority of the monies collected as VAT by the federal government were from Lagos,” the group said.

IPAC noted that despite Lagos’ huge contributions to VAT, only a meagre sum was always given to the state, which it said was unacceptable.

The group expressed confidence in the quick ascent of the bills by Governor Babajide Sanwo-Olu, saying this would aid the development of the state.

“Now that the bill has been passed and which is certain to be assented to quickly by the governor, the development will continue to spread across the state, because Lagos will have more money to execute more infrastructural projects in all areas of the state.

“The Anti-Open Grazing bill will also promote the economics of cattle rearing and crop farming. It is a bill which benefits both the pastoralists and crop farmers in the state,” he said.

Get more stories like this on Twitter and Telegram

Recommended Stories