Gov Sanwo-Olu Signs VAT bill into law

Lagos State Governor, Babajide Sanwo-Olu, has signed into law a bill empowering the state government to collect Value Added Tax (VAT).

The Commissioner of Information and Strategy in Lagos, Gbenga Omotoso, disclosed this in a statement on Friday.

“The governor signed the ‘bill for a law to impose and charge VAT on certain goods and services’ at about 11:45am today, after returning from an official trip to Abuja.

“By this act, the bill has now become a law,” said Omotoso.

This comes a day after members of the Lagos State House of Assembly passed the VAT bill and another that prohibits the open grazing of cattle in the state.

Both bills were passed after unanimous votes by the lawmakers during a plenary after they were read for the third time.