VAT, open grazing bills pass second reading in Lagos House of Assembly

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.

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