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How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja - Politics - Nairaland

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How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja by Alozie21(m): 2:21pm On Sep 08, 2021
The controversy playing out in Nigeria over Governor Nyesom Wike's new value-added tax (VAT) law in Rivers State is not so much about the expected earnings from the tax, but rather about how other states will respond. The law has brought back the debate about restructuring in Nigeria and some see it as a wake-up call for states to become more independent of Abuja.
Governor Nyesom Wike of Rivers State in southern Nigeria recently took a step that might just change the status quo in Africa’s most populous country.

He signed a law allowing the administration of VAT following a court judgement that ruled that the state – not the Nigerian government – should collect such tax. The matter is still playing out in the court where the government-led Federal Inland Revenue Service (FIRS) has filed an appeal.

But this is not just an arcane move about a complicated tax procedure. It touches on a volcanic argument: who runs Nigeria, the centre or the states? How should Nigeria’s wealth be shared? And more obliquely, whether the South should subsidise the North; a complex of issues known in Nigeria shorthand as ‘restructuring’.

Re: How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja by DonBabaNG: 2:27pm On Sep 08, 2021
OK O

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Re: How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja by portplus: 2:28pm On Sep 08, 2021
I hope this flies.
If it does, it means the ambiguous term "Restructuring" has started bit by bit.
Re: How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja by donbachi(m): 2:29pm On Sep 08, 2021
Rugged rivers.
Re: How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja by Christistruth00: 2:32pm On Sep 08, 2021
I checked the figures and it seems that Oyo State generates more in VAT than it receives in federal allocations, Lagos and Ogun State generate VAT way above their monthly allocation from FG.
Re: How Rivers Governor Wike’s VAT Law Sets A New Precedent For Abuja by Alozie21(m): 2:43pm On Sep 08, 2021
How much is this one?
DonBabaNG:
OK O

Contact us on your latest Uk used phones to get the best and affordable prices

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