News

November 5, 2021

Why Ogun joined VAT war —Abiodun

Gov Abiodun

By James Ogunnaike

GOVERNOR Dapo Abiodun of Ogun State, yesterday, explained that the state joined other states in the war to collect the Value Added Tax, VAT, to ensure fair share.

The governor stated this when he played host to members of the Institute of Chartered Accountants of Nigeria, ICAN, in his office at Oke-Mosan, Abeokuta.

He said: “We have joined the fray on the Value Added Tax because we believe that a state like us, which generates huge funds from it, is not getting a fair share of the proceeds. Not only are we producing, but we are also a consuming state.

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“We generate so much money; yet, we don’t have a bigger chunk of that same fund that we worked with our sweat and blood to generate.”

The governor lamented that the country is spending so much subsidizing petroleum products, thus wasting funds needed to provide basic amenities which would fast-track development.

Earlier, the ICAN President, Mrs. Comfort Eyitayo, noted the exemplary leadership style of the governor, which she said has impacted positively the health, education, youth development and other sectors of the economy of the state.

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