By Ayo DADA
The Lagos State Governor, Mr Babajide Sanwo-Olu has wasted no time at all as he signed into law the state Value Added Tax Bill.
The state Commissioner for Information and Strategy, Mr Gbenga Omotoso, in a statement on Friday, said the governor signed the bill after returning from an official trip.
“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,” the statement partly reads.
The bill went through its Public Hearing stage on Wednesday, which received resounding contributions and support from stakeholders.
The recommendations of the report of the Committee on Finance, were unanimously adopted as the resolutions of the House, leading to its third reading.
Thereafter, the Speaker, Mudashiru Ajayi Obasa directed the Acting Clerk of the House, Mr. Olalekan Onafeko to forward clean copies of the bill to Mr. Babajide Sanwo-Olu for his assent.
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