Economy

Sanwo-Olu restates call for VAT collection, promises Lagos will do more if allowed to collect VAT

Governor Babajide Sanwo-Olu of Lagos State has reiterated claims that the state should collect Value Added Tax (VAT).

According to the Governor, his government will fulfill its campaign promises and do more for its citizens if the state government collects VAT. 

There has been a legal battle over VAT collection between FIRS and some state governments.

The Lagos governor had on September 10, 2021, signed into law the State VAT Bill that was earlier passed by the House of Assembly.

Speaking at the 61st National Independence Day Celebration service, which held at the Chapel of Christ The Light, Alausa in Ikeja, on Sunday,  Sanwo-Olu called for equity and fairness.

“Year in, year out; your government implements over 90 percent of the budget. What it means is that if we have the capacity to get more, we will be able to give more to the citizens.

“I want to assure you that this government, your government will leave no stone unturned to ensure that we don’t shy away from our primary objective and responsibility, which is the security of life and property.

“As a Governor, I will do everything with every strength that I have to ensure that we set this State on a path of prosperity because I want each and every Lagosian to prosper. I will ensure that we create a Lagos that will work for the people of the State so that our tomorrow can be better than today.”

Sanwo-Olu further said building a nation is about people doing the right things not only once but all the time.

He said, “We know Nigeria is going through a lot. We know that our country is going through turbulent times in our polity, management of affairs, security challenges, pandemic, unemployment, inequality, inflation and issues that are ravaging the entire world and also affecting us. But in all of these, God remains God and He will continue to stay and abide with us.

“We all need to come together. Like the Preacher said on the pulpit, ‘Righteousness exalts a nation’ is all about doing the right thing not only once but doing well all the time. It is not about Mr. Governor. It is not about the commissioner. It is about all of us. It is about ensuring that we have good conduct and continually display fairness, equity and justice as people and as a nation.

“We need to admonish and encourage ourselves that as we celebrate our 61st anniversary as a nation; it is time for each and every one of us to play our parts. We are all in it together. When Nigeria prospers, we will also prosper. We need the prosperity of Nigeria; we need the prosperity of Lagos for each and everyone one of us to prosper. This is our nation and if the land prospers, we the people will prosper.”

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