As the controversy over VAT collection escalates to the Supreme Court, the Osun State government is already considering different proposals for coping with possible scenarios. One of such proposals the state government is considering is a possible merger with neighboring Oyo State if the outcome of the litigations happen to be in favor of State governments, YeyeNews.com has learned.


A source in the governor’s office told YeyeNews.com reporter that the government realized that with the revenue shortfall that will follow if the courts decide that states should collect VAT Osun State will not be able to meet basic obligations. “Osun is a financially challenged state. We have the lowest VAT contribution in the Southwest. We receive over 10 times from the shared VAT from the federal government than what we contribute to the pool. So if this source of fund is taken away, it will seriously affect our sustenance”, the Commissioner for Finance told YeyeNews.com.

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It is only yeye news that can give us an idiotic news like this.