Politics
Why VAT Law Will Be Beneficial To Lagos – Obasa, Residents Speak At Public Hearing
The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, on Wednesday, said the proposed law on Value Added Tax (VAT) would help the state meet more of its developmental goals.
Obasa said this during a public hearing on a bill for the Lagos State Value Added Tax (VAT) and for other connected purposes.
This was as stakeholders at the hearing commended the Lagos State Assembly and its leadership for their determination to ensure that the bill becomes law.
In his remark, Obasa noted that states have always felt financially strangulated and unfairly treated by the Federal Government in her administration and appropriation of receipts of VAT.
Speaking through the Deputy Speaker, Hon. Wasiu Eshilokun-Sanni, who represented him, Obasa said that Lagos state generates an excess of N500 billion in VAT.
“If we go by generation trend in tandem with the N2.4 trillion forecasted by the FIRS, Lagos state will be contributing about 55 percent of the total VAT collectables in the entire country.
“But what do we get in return? Some paltry sum.
This injustice and inequity are part of the premises on which some of the extant agitations are founded.”
The Speaker said this agitation had been helped by the judgement of a Federal High Court in the case of the Attorney General of Rivers State versus the Federal Inland Revenue Service (2020) in which the rights of Rivers state (by extension, other states) were upheld.
“Though the FIRS has expectedly appealed the judgement to the Court of Appeal, it is expected that the appellate court will follow the sound logic in the Federal High Court decision,” he said.
The Speaker said the proposed law would allow the state more resources to meet its developmental goals.
“More so, this action brings to the fore of actualization, the true federalism for which we have been agitating,” he added.
On his part, the State Attorney-General and Commissioner for Justice, Mr Moyosere Onigbanjo (SAN), said every state of the federation stood to benefit from the judgement of the court.
Speaking at the event, the Chairman of the House Committee on Finance, Hon Rotimi Olowo, said even though Lagos is prosperous, it can do better and VAT will help with the resources it needs.
“We know that the resources in the state are overstretched,” he said adding that the proposed law has benefits on the state and its residents.
The Rivers State House of Assembly, led by Speaker Martin Amaewhule, has initiated impeachment proceedings against Governor Siminalayi Fubara and Deputy Ngozi Odu, issuing them a seven-day notice to respond to allegations of gross misconduct.
The Assembly cited eight specific allegations of gross misconduct as the basis for the move.
This is the third time Fubara and Odu would be facing impeachment proceedings from the Assembly since coming to office in 2023.
Attempts to impeach them in 2023 and 2025, amid political feuds between the Governor and his predecessor and erstwhile political god-father, now Minister of the Federal Capital Territory (FCT), Nyesom Wike, had been halted by presidential intervention.
Here are the allegations below:
1. Reckless and unconstitutional expenditure of public funds
2. Unconstitutional misappropriation of public funds
3. Hindering the Rivers Assembly from performing its constitutional duties
4. Illegal appointments of persons without screening by the House of Assembly as provided by the Constitution
5. Seizure of salaries and funds meant for Assembly members
6. Seizure of salaries of the clerk of the Rivers House of Assembly, Emeka Amadi
7. Refusal to implement provisions of the Constitution on financial autonomy of the legislature and the judiciary
8. Withholding of funds meant for the running of the Rivers House of Assembly Service Commission and hindering its activities
Lilian Adebayo, the wife of the 2023 presidential candidate of the Social Democratic Party, has said that the party will unseat the ruling All Progressive Party at the 2027 election if Nigerians are true to themselves.
Mrs Adebayo made this assertion known on Wednesday during an interview with journalists after an event in Abuja.
According to her, the opposition party has overcome its crisis after the expulsion of its former chairman, Shehu Gabam and others.
She said Nigerians should vote the APC out in the 2027 general election due to the hardship the party has plunged citizens into.
“There is always a crisis in the party; the SPD has been able to handle its own. The problems in the party have been resolved.
“He has a great chance of winning the election if Nigerians are honest with themselves. If Nigerians think that the ones they consistently vote for would move the country forward, they live in denial,” she concerning the husband.
Recall that SDP recently expelled Gabam and other party executives.
The party’s state chairmen on Wednesday urged the Economic and Financial Crimes Commission and the police to investigate Gabam over alleged misappropriation.
In a significant political move, Enugu State Governor Peter Mbah officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) on Tuesday, October 14, 2025.
Mbah announced his decision during a televised broadcast in Enugu after weeks of speculation.
He said, “Today, after a long reflection, we have made the decision to leave the Peoples Democratic Party and join the All Progressives Congress.”
Mbah explained that his decision to join the PDP was informed by the need to reshape Enugu and reorganise the politics of the state.
“Today, I stand before you to announce a break from the past and to share a decision that will shape the road ahead. This concerns our values, how we organize ourselves politically and how we secure the future of our project and our people.
“Leadership sometimes demands painful decisions in the service of higher principles and goals. And there comes a time, when everyone must make a bold choice to determine their destiny.”
Ahead of the governor’s defection, all members of his cabinet had on joined the ruling party.
Governor Mbah’s Senior Media Aide, Dan Nwomeh, confirmed the mass defection in a video posted on his social media handles on Monday. In the video, several government officials were seen openly declaring their allegiance to the APC, chanting praises for President Bola Tinubu and affirming their commitment to the new party.
“Enugu State Cabinet Members join the APC with full chest along with Governor PN Mbah,” Nwomeh stated.
The officials, including commissioners and top aides, could be heard in the video declaring, “We are now in APC; tomorrow is here; it is APC all the way; it is Jagaban all the way; from top to bottom.”
The collective defection marks a significant political shift in Enugu State, which has been a PDP stronghold since 1999.
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