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Home Business News

Lagos joins Rivers state, passes VAT, anti-open grazing bills into law

Chike Olisah by Chike Olisah
September 9, 2021
in Business News, Spotlight
Lagos joins Rivers state, passes VAT, anti-open grazing bills into law
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The Lagos State House of Assembly has passed the Value Added Tax (VAT) bill, a few days after the bill passed the first and second readings at the State House of Assembly.

The House also passed a bill prohibiting the open grazing of cattle in the state after unanimous votes by the lawmakers at a sitting where the 2 bills were read for the third time during the plenary session on Thursday, September 9, 2021.

Following the passage of the 2 bills, the Speaker of the House, Mudashiru Obasa, commended his colleagues for their passion to see that the state continues to grow and also directed the Acting Clerk of the House, Mr Olalekan Onafeko, to transmit clean copies of the bills to the state governor, Babajide Sanwo-Olu, for assent.

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Obasa, while addressing lawmakers at the legislative chamber of the assembly in Alausa Ikeja, thanked them for the historic exercise.

The passage of the controversial bill comes a day after the lawmakers held separate public hearings on the bills with stakeholders showing their support for them.

Tags: Anti-open grazing lawFeaturedVAT bill
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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