The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) with Speaker Mudashiru Obasa directing the Acting Clerk of the House, Mr. Olalekan Onafeko, to transmit a clean copy to Governor Babajide Sanwo-Olu for assent.
The House also passed the bill that prohibits open cattle grazing in the state.
The two bills were passed after unanimous votes by the lawmakers at the sitting where they were read the third time.
Immediately after their passage, Speaker Obasa commended his colleagues for their passion to see that the state continues to grow.
“I thank you all for this historic exercise,” Obasa said.
Recall that the House held separate public hearings on the bills on Wednesday with stakeholders expressing support.
At the public hearing on a bill for the Lagos State Value Added Tax (VAT) and for other connected purposes, the Speaker, Mudashiru Obasa had said that the proposed law on Value Added Tax (VAT) would help the state meet more of its developmental goals.
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.
While at the hearing on the bill for prohibition of open cattle grazing in the state, many of the stakeholders present agreed that prohibition of open cattle grazing was the best way for the state to ensure security of lives and property.
Obasa, who was represented by the Deputy Speaker, Hon. Wasiu Eshilokun-Sanni, said in his keynote address that it was important to address the issue of cattle rearing, especially as it affects security and other human desires.
He said the bill was intended to create an atmosphere that would encourage peaceful co-existence among residents.
