The bill seeking to empower the Ogun state government to collect Value Added Tax within its shores has scaled through the first and second reading at the State House of Assembly.
The bill seeks to “accord the State its rightful position as a viable federating unit amongst the comity of States generating worthy financial returns in the country.”
After deliberations, the Ogun lawmakers unanimously passed the proposed bill at plenary on Tuesday, September 14.
The Chairman, House Committee on Finance and Appropriation, Mr Olakunle Sobukanla earlier told his colleagues that the bill was an avenue for the state to generate more revenue for its development.
In the same line, Mr Ganiyu Oyedeji argued that the collection of VAT would allow the state to generate more revenue and meet the needs of the people which included fixing bad roads and the construction of new ones, provision of healthcare facilities among others, all of which require finance.
The Majority Leader, Mr Yusuf Sherif, moved the motion for the second reading. He was seconded by Oyedeji and the decision was put to a voice vote. It came out scaling through as the lawmakers overwhelmingly supported it.
The Speaker, Olakunle Oluomo, thereafter forwarded the bill to the Committee on Finance and Appropriation for further legislative actions for consideration.
Oluomo said the public hearing on the bill would hold on Thursday, 16th September 2021 at 10:00 am prompt.
A similar bill has been passed and signed into law in Rivers and Lagos states.