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Sanwo-Olu Signs VAT Bill Into Law - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Sanwo-Olu Signs VAT Bill Into Law (24709 Views)

Sanwo-Olu Signs Bill Regulating Real Estate Transactions In Lagos / Sanwo-olu Signs Bills Establishing Additional Two Universities In Lagos / Highlights Of The Lagos State VAT Bill (2) (3) (4)

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Re: Sanwo-Olu Signs VAT Bill Into Law by franktech(m): 4:08pm On Sep 10, 2021
Na Kanu dey give them Moral. Before all were afraid about the Fulani
ubreal:
Good one!! why our previous governors no bin get this kind sense??

2 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by chukwugoziegi: 4:08pm On Sep 10, 2021
StPete:
Where is the anti-grazing bill? Na that one gangan be the koko


You're asking Buhari's beloved son to sign Anti-grazing bill. Lol! He can't!
Re: Sanwo-Olu Signs VAT Bill Into Law by Nobody: 4:08pm On Sep 10, 2021
Lagos can never carry this VAT course over. Never. Na the following week Wike won the case Lagis signed it. Wow! The fastest Bill to be passed in the history of Lagos house of Assembly. grin grin grin grin


Dem don tell them say VAT in TIN can Island and Muritala Muhammed airport is now for Lagos. grin grin Do you know how much that will be generated? The last time I went to eat in eatery (I hardly eat out again), I was shocked that VAT on food in eatery is now I think 12% or so. I saw the bill and I was like...what? All grocery purchases have VAT....check your POS ticket and see...VAT.....see..Abuja is in Wahala. Secession is not needed. Way to go. Very soon, na Abuja go dey beg una..

3 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by Nobody: 4:09pm On Sep 10, 2021
What are the details of the vat bill passed?
Does Lagos reserve the exclusive powers to collect vat rather than the firs?

1 Like

Re: Sanwo-Olu Signs VAT Bill Into Law by chukwugoziegi: 4:09pm On Sep 10, 2021
IdJack:
Good development.

If all the South South States join hands to support this. It will go a long way to help in developing their state.


Anyways, have you checked my signature today?

Have a look at it below.
Smart Business Information Hub

I really hope so. But knowing how there are no checks and balances in this country, DEM GO LOOT AM.

1 Like

Re: Sanwo-Olu Signs VAT Bill Into Law by Dawnofhope: 4:09pm On Sep 10, 2021
Ok .
Re: Sanwo-Olu Signs VAT Bill Into Law by Eriokanmi: 4:11pm On Sep 10, 2021
Waa sheere joo. Let hisbah keep throwing beers into the canal and be destroying people's livelihood. No more trillions coming from the south to share by the wicked and perpetually lazy North. Let's restructure and you said no. We will use our VAT to set up sate policing and develop our regions.

2 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by techWriter1: 4:11pm On Sep 10, 2021
Where is the anti-grazing bill? Na that one gangan wanna the coco
Re: Sanwo-Olu Signs VAT Bill Into Law by hotseat: 4:12pm On Sep 10, 2021
This is a political tiki-taka!


We die here!
..
So what happens to the status quo pronouncement of the Court of Appeal?



What a movie!
Re: Sanwo-Olu Signs VAT Bill Into Law by 24brains(m): 4:13pm On Sep 10, 2021
Always milking the citizens dry in the name of governance.

Imagine paying VAT on services rendered, on goods, on this and that. But common minimum wage, they cant pay the citizens.

1 Like

Re: Sanwo-Olu Signs VAT Bill Into Law by stasius: 4:14pm On Sep 10, 2021
Every state is waking up!!!

State governments should take charge.

Federal govt is shity.

2 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by eyinjuege: 4:14pm On Sep 10, 2021
The earlier the government is decentralised, the better for development.
Everybody will have sense last last

1 Like

Re: Sanwo-Olu Signs VAT Bill Into Law by datamillionaire: 4:17pm On Sep 10, 2021
That was fast.
Re: Sanwo-Olu Signs VAT Bill Into Law by justking(m): 4:17pm On Sep 10, 2021
I don't understand please
Re: Sanwo-Olu Signs VAT Bill Into Law by Godisfaithful: 4:17pm On Sep 10, 2021
Indirect way of restructuring Nigeria grin

1 Like

Re: Sanwo-Olu Signs VAT Bill Into Law by Nobody: 4:21pm On Sep 10, 2021
Does that guy sound like a normal person? You get time dey answer the dumbo
Comedian2019:

Use your brain. Dullards don't run banks, only sound and intelligent people do. Reason why Banks are dominantly control by southerners.
Northerners are not doing banks any favour, rather, they are paying for services they receive.
If they don't want to patronize banks, they can go back to their old days of carrying money in bags up and down.
That would mean making their money available to their bandits.
So the banks are saving their arse.

3 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by jaxxy(m): 4:21pm On Sep 10, 2021
Good law and fair judgement.
Re: Sanwo-Olu Signs VAT Bill Into Law by Eriokanmi: 4:21pm On Sep 10, 2021
Veryfoolishboy:
This is a big and calculated move.

Thank you Wike
Thank you sanwo olu
Thank Fowler first, the former FIRS boss who was removed unceremoniously. It was this man who hinted our southern leaders during their first meeting in asaba as one of sanwoolu entourage from lagos, that VAT collection by FIRS was a fraud and that was one of the reasons he was removed when he made a move to stop it and paved the way for financial freedom for each state through VAT.

9 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by seunayantokun(m): 4:23pm On Sep 10, 2021
Great one!
Re: Sanwo-Olu Signs VAT Bill Into Law by joshuaudom(m): 4:25pm On Sep 10, 2021
Ibkhaleel001:
HOW THE SOUTHERN VAMPIRES SUCK THE NORTH DRY
Banks run over a dozen of financial facilities from loans to cash transfer. Each facility generates billions for the bank owners.
Northerners with a population of about 140 million do not own a single bank in Nigeria, except for some tiny community banks.
Daily, about 20 million Northerners do bank transfer through some of the big commercial banks that belong to Southerners and each one of them is now charged 20 naira.
20 × 20 million = 400 million. This is the amount Northerners give to Southerners daily on just a single type of bank transaction out of many. In a month it means 4 billion × 29 = 116000000000 (116.billion). In a year it translates into 116000000000 × 12 = 1392000000000 (1.392 trillion).
1.392 trillion the north is giving to the south every year is enough to:
1- 2,784,000 low cost houses each year at unit cost of 5 million.
or
2- 1,392,000 village schools each year at unit cost of 10 million.
or
3- 13,920 small scale industries each year at unit cost of 100 million.
4- Give 50,000 Naira scholarship to 2,784,000 students yearly.
You can think of other projects the amount Northerners are wasting on the Southerners for a single bank facility called mobile transfer and do the maths.
Now come to think of it how much money move from the North to South for the entire banking services. It is estimated to be over 13 trillion which more than double the entire federal budgetary allocation given to the North.
That is just the banking sector. Similar humongous losses are registered in other sectors such as telecommunications, insurance, education, trade, etc This is not an issue for individuals or groups to tackle. It is a political economic issue calling for political decision and action. It is the core reason the North is economically backward. Northern poverty is a direct result, mainly, of lack control of financial and natural resource. Northerners must call for restructuring for direct control of trade, manufacturing and the service industry. Forget about the false Southern propaganda that Northerners are lazy. Millions of Northerner wake up at 4 am and work their bones tired to 8pm and beyond making very little. Their resources have been taken over and only political action can restore them.
The Southern Nigerians have taken political action to stop herders and Ruga project, they took political action to take over trade by demolishing markets owned by Northerners in the South, they took political action to stunt Northern transport business through officially encouraging violent taut action, they took poitical action to demoralized Northerners via massive media stereotype and false propaganda etc
This is the reason those Southern leeches exploiting the North as bankers, transporters, counterfeit goods traders, school owners, estate prospectors, contractors, kidnapping and terrorist sponsors do not wish to leave the North or have Nigeria broken up as oppose to their ignorant tribesmen agitating for break up. These leeches when they talk about restructuring, they mean more political concession and control is to be given to them to permanently dominate the economic life of Northerners

Mmm...
Re: Sanwo-Olu Signs VAT Bill Into Law by kudinkarfe: 4:25pm On Sep 10, 2021
Where is the love?
Where is the oneness?
Where is the togetherness?
There is love in shearing.
Let love lead.
Together we are great.
Let's shun differences and unit.
Nigeria will be great again.
Re: Sanwo-Olu Signs VAT Bill Into Law by tollyboy5(m): 4:25pm On Sep 10, 2021
Fuckyoumod:
Lol double wahala for the leeches and parasites of Nigeria.

I took my time to study and review what the law really says about this VAT. Then I discovered that Rivers and Lagos state were in line with the law.

So even if this matter gets to the supreme court they would still emerge victorious.

Now that the judgment of the appeal court uphold the status quo, what will be the next move?
No date is stated for Final judgment ?
Re: Sanwo-Olu Signs VAT Bill Into Law by Goke7: 4:25pm On Sep 10, 2021
olisefom:
We hope this fight is for the masses. Politicians and their () motives.

Na the wahala be that o, same Lagos that cannot pass anti open grazing bill
Re: Sanwo-Olu Signs VAT Bill Into Law by Busyguy(m): 4:26pm On Sep 10, 2021
This is what revolution is all about... strategy...not senseless Igbos doing gragra and sit at home
Re: Sanwo-Olu Signs VAT Bill Into Law by Baba40(f): 4:28pm On Sep 10, 2021
chukwugoziegi:


You're asking Buhari's beloved son to sign Anti-grazing bill. Lol! He can't!

He signed it... ode!
Re: Sanwo-Olu Signs VAT Bill Into Law by Traplord09: 4:33pm On Sep 10, 2021
I hope de VAT can be use,,
but believe what de VAT can be use for there sons location school in other countries and bandit for more guns,..
Oooóoo what a URA I can't I believe what da want to use it for...
Here comes de cover front pages at newspaper..
Thinking all is well.... .....

Re: Sanwo-Olu Signs VAT Bill Into Law by Christistruth00: 4:36pm On Sep 10, 2021
arthurwillia:
Sanwo for vp

President you mean just that Osinbajo got there first

Apart from Sai Baba Tinubu knows how to pick performers

1 Like

Re: Sanwo-Olu Signs VAT Bill Into Law by Tekwado: 4:38pm On Sep 10, 2021
Nice one. True federalism we don dey go, one by one.
Re: Sanwo-Olu Signs VAT Bill Into Law by heysquare(m): 4:39pm On Sep 10, 2021
SensualMan1:
Any act to rip Nigerians off and impoverish them receives utmost attention to become law. But can yoruba businesses survive this? Forget the igbo millionaires.
As if the millionaires ibos came to Lagos as a millionaire. Lagos made them millionaires!

2 Likes 1 Share

Re: Sanwo-Olu Signs VAT Bill Into Law by Christistruth00: 4:41pm On Sep 10, 2021
Eriokanmi:
Thank Fowler first, the former FIRS boss who was removed unceremoniously. It was this man who hinted our southern leaders during their first meeting in asaba as one of sanwoolu entourage from lagos, that VAT collection by FIRS was a fraud and that was one of the reasons he was removed when he made a move to stop it and paved the way for financial freedom for each state through VAT.

Are you Serious ?

Under Babangida Sales Tax were collected by the States
Re: Sanwo-Olu Signs VAT Bill Into Law by Eriokanmi: 4:44pm On Sep 10, 2021
Christistruth00:


Are you Serious ?
I'm telling you but this wouldn't make headlines. It was a coded info. I learnt wike almost ran mad on heating this in asaba. grin

2 Likes

Re: Sanwo-Olu Signs VAT Bill Into Law by Spidermon: 4:49pm On Sep 10, 2021
Ibkhaleel001:
HOW THE SOUTHERN VAMPIRES SUCK THE NORTH DRY
Banks run over a dozen of financial facilities from loans to cash transfer. Each facility generates billions for the bank owners.
Northerners with a population of about 140 million do not own a single bank in Nigeria, except for some tiny community banks.
Daily, about 20 million Northerners do bank transfer through some of the big commercial banks that belong to Southerners and each one of them is now charged 20 naira.
20 × 20 million = 400 million. This is the amount Northerners give to Southerners daily on just a single type of bank transaction out of many. In a month it means 4 billion × 29 = 116000000000 (116.billion). In a year it translates into 116000000000 × 12 = 1392000000000 (1.392 trillion).
1.392 trillion the north is giving to the south every year is enough to:
1- 2,784,000 low cost houses each year at unit cost of 5 million.
or
2- 1,392,000 village schools each year at unit cost of 10 million.
or
3- 13,920 small scale industries each year at unit cost of 100 million.
4- Give 50,000 Naira scholarship to 2,784,000 students yearly.
You can think of other projects the amount Northerners are wasting on the Southerners for a single bank facility called mobile transfer and do the maths.
Now come to think of it how much money move from the North to South for the entire banking services. It is estimated to be over 13 trillion which more than double the entire federal budgetary allocation given to the North.
That is just the banking sector. Similar humongous losses are registered in other sectors such as telecommunications, insurance, education, trade, etc This is not an issue for individuals or groups to tackle. It is a political economic issue calling for political decision and action. It is the core reason the North is economically backward. Northern poverty is a direct result, mainly, of lack control of financial and natural resource. Northerners must call for restructuring for direct control of trade, manufacturing and the service industry. Forget about the false Southern propaganda that Northerners are lazy. Millions of Northerner wake up at 4 am and work their bones tired to 8pm and beyond making very little. Their resources have been taken over and only political action can restore them.
The Southern Nigerians have taken political action to stop herders and Ruga project, they took political action to take over trade by demolishing markets owned by Northerners in the South, they took political action to stunt Northern transport business through officially encouraging violent taut action, they took poitical action to demoralized Northerners via massive media stereotype and false propaganda etc
This is the reason those Southern leeches exploiting the North as bankers, transporters, counterfeit goods traders, school owners, estate prospectors, contractors, kidnapping and terrorist sponsors do not wish to leave the North or have Nigeria broken up as oppose to their ignorant tribesmen agitating for break up. These leeches when they talk about restructuring, they mean more political concession and control is to be given to them to permanently dominate the economic life of Northerners

This is ridiculous

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