Headline
BREAKING: House Of Reps To Pass Bill Supporting Collection Of VAT In States

A law to back states’ battle to collect Value Added Taxes, VAT, their right to mine and control their resources, is underway in the House of Representatives.
Several states of the federation, are currently in a legal battle with the Federal Government on who collects VAT on goods and services.
A bill to that effect, entitled “An Act to Alter 39, Part 1 of the Second Schedule of the 1999 Constitution as Amended to Substitute and Move the Item from the Exclusive Legislative List to the Concurrent Legislative List”, sponsored by Reps Hassan Usman Sokodabo and John Dyegh, was exclusively obtained by VANGUARD.
The instrument proposes in part, that “The Constitution of the Federal Republic of Nigeria, 1999, is hereby altered as set out. Item 39, part 1 of the Second Schedule of the Principal Act, Altered by substituting the item and moving it from the Exclusive Legislative List, to the Concurrent List.
“Thus, item 39, Part 1 of the Second Schedule of the Constitution to be moved to the Concurrent Legislative List now read: States Government shall manage their resources, mines and minerals, including oil fields, oil mining, Values Added Tax(VAT), geological surveys as well as natural gas. 50% of the total revenue accruable from the minerals shall be retained by the state where the minerals are derived.
“30% shall be credited to the Distributable Pool Account, while the remaining 20%, shall be credited to the Federation Account”.
The piece of legislation listed for consideration in this legislative quarter, is expected to generate a considerable controversy, sources said to VANGUARD.
-
Headline1 week ago
JUST IN: Police Chief Kayode Egbetokun Arrives Benue, Orders More Tactical Teams Amid Rising Death Toll
-
Entertainment1 week ago
BBNaija’s Star Angel Involved In Auto Crash (PHOTOS)
-
Headline1 week ago
2027: APC North-East Crisis Over Tinubu-Shettima Ticket Reveals Party Divisions Ahead of Election
-
Headline1 week ago
EURO U-21: Four Teams Secure Quarter-finals Spot
-
Headline5 days ago
JUST IN: EPL 2025/2026 Opening Day Fixtures Confirmed [Full List]
-
Headline1 week ago
Make Nuclear Deal Before It Is Too Late -Trump Advices Iran After Israeli Strikes
-
Headline1 week ago
Obidient Movement Criticizes Tinubu’s ‘Opposition in Disarray’ Remark as Threat to Democracy
-
Entertainment4 days ago
BBNaija Confirms Date For ‘No Loose Guard’ Reunion Premiere
-
Headline6 days ago
OPEC Reports Nigeria’s Oil Output at 1.544 Million bpd in May
-
Headline6 days ago
Benue Massacre Spurs Nationwide Security Crackdown and Political Response