Bills on open grazing and VAT have passed second reading in the Lagos State House of Assembly.
Speaker of the Lagos House, Mudashiru Obasa stated that the Prohibition of Open Cattle Grazing Bill would protect the state’s ecosystem and usher in an era of peace between farmers and herders. He added that the state plans to commence ranching services and would register herders.
“Allocating parcel of land is not enough but there should be a training of those who would go into ranching,” Obasa said.
On Value Added Taxes, the speaker revealed that N500 billion is generated from Lagos State while N300 billion is generated from other southwest states, citing that only a portion is sent back to the states.
“It is an opportunity for us to emphasise again on the need for the consideration of true federalism,” he said, citing that it is an opportunity for the state to meet funding challenges.
What you should know
- Recall Nairametrics reported in July, Southern Governors Forum announced yesterday that the deadline set for the Open Grazing Ban is Wednesday, 1st September 2021, adding that Funds deducted from the Federation Account for the Nigeria Police Security Trust Fund should be distributed to states to fight insecurity.
- Meanwhile, after a Federal High Court ruling granting the right to collect Value Added Taxes in Rivers state to the state government, the Rivers State Governor, in defiance to the Federal Government, signed into law the bill on Value Added Tax (VAT) collection in the state.
- The governor also signed into law the Open Rearing and Grazing Prohibition Law No 5 of 2021, The Child’s Rights Amendment Law No 2 of 2021, The Residents Registration Agency Law No 6 of 2021 and the Naming and Renaming of Infrastructure Law No 3 of 2021.