Sunday, September 26, 2021

Sanwo-Olu signs VAT Bill into law

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Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via [email protected], or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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Lagos State Governor, Babajide Sanwo-Olu, on Friday signed the state Value Added Tax, VAT, Bill into Law.

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The State House of Assembly had on Thursday, Sept. 9, passed the bill for a law to impose and charge VAT on certain goods and services.

Mr Sanwo-Olu, who assented to the Bill at about 11.45 a.m. after returning from an official trip from Abuja, said: “By this act, the Bill has now become a Law.”

The Assembly passed the Bill after unanimous votes by all the 40 lawmakers during the plenary session, after it was read for the third time.

The Speaker of the Assembly, Mudasiru Obasa, thereafter, directed the Acting Clerk, Mr Olalekan Onafeko, to transmit a clean copy of the bill to the governor for assent.

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NAN

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