Following the judgment of Federal High Court in Port Harcourt empowering states to collect Value Added Tax (VAT) and not the Federal Inland Revenue Service (FIRS), the governments of Lagos and Rivers states have expressed their readiness to begin #VAT collection.
However, the Federal Government and some states in the Northern part of the country are already mounting a stiff opposition to the plan by Lagos and Rivers states to collect VAT on the ground that it would greatly shrink their revenue and adversely affect their economy.
Details later.