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Shehu Sani Backs Tax Reform Bill And Calls for Fairer VAT Distribution
Shehu Sani has called for support for the proposed Tax Reform Bill, citing the urgent need to address the current inequities in Nigeria’s tax system.
In a post on his X handle, Sani reacted to a recent revelation by the Chairman of the Federal Inland Revenue Service (FIRS) before the House of Representatives.
According to the FIRS Chairman, 70% of the Value Added Tax (VAT) revenue is generated by just four states: Lagos, Rivers, Oyo, and the Federal Capital Territory (FCT).
Sani mentioned the disparity in VAT distribution, using the example of MTN, which pays most of its VAT in Lagos despite providing services across all states.
He described the situation as unjust and argued that the Tax Reform Bill is a necessary step toward ensuring fairness and equity in resource allocation.
He urged critics of the Bill to set aside political biases and carefully examine the document, stressing that many of the concerns raised against it are unfounded.
The Tax Reform Bill aims to restructure Nigeria’s tax system, ensuring a more balanced distribution of resources among states.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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