Connect with us

Advertisement

News

VAT: Rivers’ Legal Move Pathway To Achieving Fiscal Federalism For South-south – Dan Orbih

Published

on

2023 Election: APC Lacks Presidential Material - PDP Stalwart

The National Vice Chairman, South-South, of the Peoples Democratic Party (PDP), Dan Orbih, has described the recent legal moves to reposition the collection of Value Added Taxes, VAT, as a big pathway for the South-South region to achieve the long-desired quest for fiscal federalism

The Vice-Chairman, Dan Orbih made this known during an interview on Friday where he encouraged South-South Governors to give backing to the recent amendments to the VAT law by Rivers State, and later Lagos State, where the duty rightly belongs.

He said; “Yes, one must first commend the innovative and painstaking pursuit of this case by Governor Nyesom Wike. 

“With this development, the long-desired dream of many Nigerians for equitable distribution of resources has been given a very strong push.

“A bold and salutary move in restructuring our tax collection system.

“The soundness in the economics of Governor Nyesom Wike action is seen in the speed with which Lagos State moved in the same direction towards pursuing the same objective. A nonpartisan action driving the burning desire to give practical meaning to fiscal federalism. 

“I call on other State governors, especially in the South-South to move with dispatch in support of VAT collection and retention by States. We cannot continue to practice political federalism with overbearing unitary economic policies,” Orbih said.

Noting that the action is in the interest of all, he added: “What these amendments will achieve is that it will encourage States to work harder in boosting economic activities and engender healthy competitive spirit that will, in the end, make Nigeria better for all.

Concluding, Orbih urged the other governors to embrace this welcome initiative and disregard the obvious but expected opposition from the Federal Inland Revenue Service, FIRS.

Source: Naija News

Chukwuani Victoria is an entertainment and lifestyle journalist who's passionate about storytelling. She holds a BSC in Biology and is also a certified Radio presenter with BRMC. She likes to read, research, hang out with her friends and play scrabbles.