Tag: VAT

  • Nigeria at 62: Gov Wike lambasts Buhari’s government

    Nigeria at 62: Gov Wike lambasts Buhari’s government

    As Nigeria marked its 62nd Independence Day on Saturday, Rivers State Governor Nyesom Wike lambasted President Muhammadu Buhari’s government for failing to live up to expectations.

    TheNewsGuru.com (TNG) reports Gov Wike as saying under the watch of the Buhari government, infrastructure across all sectors, including roads, education and healthcare collapsed.

    Wike stated this while appealing to the Supreme Court of Nigeria to give the case before it concerning the collection and distribution of Value Added Taxes generated from the State by the federal government the urgency it requires.

    Governor Wike made the appeal at the match past and parade in commemoration of the 62nd independence of Nigeria at the Sharks Football Stadium in Port Harcourt on Saturday.

    He explained that such urgency and eventual ruling of the case in favour of the State, will further add more financial resources that will accelerate the economic growth of Rivers State.

    “We have also not given up in our determination to right the injustice associated with the collection and distribution of Value-Added Taxes generated from the State by the Federal Government just as we again call on the Supreme Court to please, treat this matter with the urgency that it requires.”

    Governor Wike said since 1999 that the country returned to democracy, it has continued to witness deliberate constitutional distortions, institutional weaknesses and widespread corruption that have prevented Nigerians from enjoying a robust democratic practice.

    He listed the absence of a free and fair elections, the rule of law and social justice as part of experiences that are refused to take root in Nigeria.

    “This is not to say that Nigeria has not made any progress as a nation. Certainly, we have achieved some visible developmental strides and economic progress as Africa’s largest economy.

    “The fact that we have remained together despite the recurrent conflicts and crisis of confidence is also worth celebrating as an achievement.

    “But, after 62 years, Nigeria deserves more than what it has achieved and Nigerians likewise deserve much more than what their leaders have delivered to them with the country’s enormous natural and human resources.”

    Governor Wike bemoaned the inability of the All Progressives Congress (APC) led federal government, over the last seven years, to keep the economic and social conditions within Nigeria from deteriorating.

    He pointed to such inability as evidence that the APC led federal government is totally lost in what further measures it could take to stem or ameliorate the predicaments they have visited on Nigerians.

    “Life is sacrosanct, but the present federal government has failed in the most basic duty to the nation to protect the lives and property of its citizens.

    “Under their watch, infrastructure across all sectors, including roads, education and healthcare has collapsed. Tertiary education has remained comatose for over seven months and with no employment opportunities, the federal government continues to toy with the future of the youths.”

    The Rivers State governor decried the situation where healthcare delivery is a nightmare across the country with ordinary citizens unable to access necessary medical services, basic diagnostics and medications at affordable rates in public hospitals.

    He noted the spiraling crime and physical violence that are almost out of control across the country with the schools, churches and mosques no longer serving as safe places anymore.

    “And with compulsive corruption, insecurity, low export earnings, protracted forex crisis and an economy so close to bankruptcy the untold suffering and hopeless future among Nigerians will continue if something is not done to improve the quality of political leadership in our country.”

    Governor Wike however, stated that things can be better if there is the right political leadership in place that has the courage, decisive and purposeful in driving the country on a new path.

    “However, let’s not forget that before the present deplorable state of affairs, we experienced significant economic growth, relative prosperity, a stable educational system and a relatively better quality of life for our people, under the Peoples Democratic Party.

    “This showed that Nigeria’s current economic, social and security situation can rapidly be resolved with new leadership that is courageous, decisive, purposeful and able to take the country in a new direction that would curb corruption, stop unsustainable debts, and drive economic growth to create jobs and prosperity for all citizens.”

    Governor Wike insisted that there is a need to have a new government that cares about the unity of the country and the wellbeing of its citizens.

    Such government, Governor Wike said, should be one that is religiously committed to changing the present circumstances of the people and making life more meaningful for everyone.”

    Governor Wike stressed that his administration is already performing like the expected new government at the national level by providing road infrastructure in quality and quantity that are unmatched by any previous government since the creation of the State.

    “No State government, not even the Federal Government, can boast of the simultaneous construction of 12 flyovers and other major roads across the State in three years with Julius Berger Nigeria limited as the contractor; but that is what our government has successfully executed.”

    Governor Wike emphasised that within the past seven years, his administration achieved so much because it was dogged in implementing various fiscal measures that have improved the State’s revenue base.

    With such growth, Governor Wike said, existing hospitals have been renovated, abandoned ones completed and new ones delivered to improve access to health for Rivers people.

    “We have expanded excess to quality education, including tertiary education with the successful establishment of the medical college and the four new campuses for the Rivers State University in Emohua, Ahoada, Etche and Tai Local Government Areas of the State.

    “We have renovated existing hospitals, completed abandoned ones, delivered new ones, and are set to deliver the most advanced specialist hospital in entire West Africa for the diagnosis and treatment of cancer and cardiovascular diseases here in Port Harcourt, which we believe will help the nation to stem medical tourism and conserve foreign exchange for the country.

    “We have since started the payment of arrears of gratuities and death benefits to our senior citizens and legal beneficiaries and this will continue until all existing arrears of gratuities and death benefits are fully paid out.”

    Speaking further, the Rivers State governor added that his administration significantly advanced the economic interest of Rivers State through securing important legal victories that helped in recovering several oil wells and gas fields hitherto denied to the State by the Federal Government.

    “The 13% and other derivation funds from these oilfields have added appreciable resources to the State’s revenue base, which we are deploying to accelerate the development of our State.

    “The roads and bridges we have built continue to stimulate economic growth and prosperity by providing safe and seamless commuting across the State for businesses, farmers and social endeavours.

    “We have greatly enhanced the State’s judicial system and improved the living conditions of judicial officers serving in the State, including those serving in the Rivers State jurisdictions of federal courts to enhance the rule of law and social justice in the State.

    “Additionally, the tremendous support we are giving to the federal security agencies has resulted in curbing crimes and made Rivers State one of the safest States in the country to invest, live and bring up our children.”

  • Constitution Review: Senate passes bill to empower NASS,  State Assemblies to summon President, Govs over security concerns

    Constitution Review: Senate passes bill to empower NASS, State Assemblies to summon President, Govs over security concerns

    …turns down proposal for special seats for women in legislature

    …rejects VAT inclusion in Exclusive list

    …okays possible conviction as penalty for failure to honour summons

    The Senate, on Tuesday, passed a bill to empower the National Assembly and State Assemblies to summon the President and State Governors to answer questions bothering on security or any other issues on which the National and State Houses of Assembly have powers to make laws.

    The bill seeks alteration to Section 67 of the Principal Act by inserting after subsection (3), a new subsection (4).

    The new subsection (4) provides: “Nothing in this section shall preclude the National Assembly from summoning the President of the Federal Republic of Nigeria to attend a joint session of the National Assembly to answer questions on national security or any issue whatsoever, over which the National Assembly has powers to make laws”.

    The bill further seeks to alter Section 108 of the Principal Act to insert a new subsection (4) to provide: “Nothing in this section shall preclude the House of Assembly of the State from summoning the Governor of the State to attend a sitting of the House of Assembly to answer questions on securoty or on any issue whatsoever, over which the House of Assembly has powers to male laws.”

    Out of a total of 93 registered Senators, 77 voted in favour of the bill to summon the President and Governors, 13 against and 1 lawmaker abstaining, bringing total votes to 91.

    The chamber also approved a bill to include Presiding Officers on the membership of the National Security Council.

    It also passed a bill to make it an offence, and to provide for the possible conviction of any person who refuses to honour the summons of the National Assembly or any of its committee.

    The bill seeks to alter Section 129 of the Principal Act to insert after subsection (2), a new subsection (3).

    The new section provides: “Notwithstanding anything to the contrary in this Constitution, any person who after having been summoned to attend, fails, refuses or neglects to do so and does not excuse such failure, refusal or neglect to the satisfaction of the House or the Committee in question, commits an offence and is liable on conviction to such punishment as shall be prescribed by a Act of the National Assembly.

    The chamber, however, turned down a bill to provide for more seats for women in the National and State Houses of Assembly.

    Also rejected were bills to alter Part I of the Second Schedule to the 1999 Constitution (as amended) to include Value Added Tax on the Exclusive Legislative List; Removal of Transitional Law-making Powers of the Executive; to provide for Diaspora voting; to grant Mayoralty Status for the FCT; and appointment of Minister from the FCT.

  • NASS rejects bill seeking to include VAT in exclusive list

    NASS rejects bill seeking to include VAT in exclusive list

    The National Assembly (NASS) has rejected a bill seeking to include value-added tax (VAT) in the exclusive list.

    TheNewsGuru.com (TNG) reports members of both the Senate and the House of Representatives voted against the bill on Tuesday.

     

     

    Details shortly…

  • How FG, States, LGCs shared N699.8 bn FAAC allocation for December 2021

    How FG, States, LGCs shared N699.8 bn FAAC allocation for December 2021

    The Federal Government, States and Local Government Councils (LGCs), on Friday, shared N699.824 billion as federation allocation for Dec. 2021.

    A statement issued by Mr Oshundun Olajide, Acting Director, Information, Ministry of Finance, Budget and National Planning, said that the amount was shared at the Federation Accounts Allocation Committee (FAAC).

    According to it, the virtual conference was chaired by the Permanent Secretary, Mr Aliyu Ahmed.

    “From this amount, inclusive of cost of collection to Nigeria Customs Service (NCS), NUPRC and Federal Inland Revenue Service (FIRS), the Federal Government received N279.457 billion, the States N210.046 billion, while LGCs got N155.456 billion.

    “Meanwhile, the oil-producing states received N49.003 billion as derivation (13 per cent of Mineral Revenue).”

    The statement said that the communiqué issued by FAAC at the end of the meeting, indicated that the gross revenue available from Value Added Tax (VAT) for Dec. 2021 was N201.255 billion as against N196.175 billion distributed in November.

    This, it said, resulted in an increase of N5.080 billion.

    Of the VAT, Federal Government got N28.111 billion, States N93.705 billion and LGCs N65.593billion.

    “The gross statutory revenue of N560.066 billion received for the month was lower than the N643.481 billion received in the previous month by N83.415 billion.

    “From this, the Federal Government received N248.885 billon, States N126.238 billion, LGCs N97.324 billion and derivation (13 per cent mineral revenue) got N34.820 billion.”

    It said that the communiqué also revealed that Companies Income Tax (CIT) and VAT increased reasonably.

    It added that Petroleum Profit Tax (PPT) and oil and gas royalties decreased significantly while import and excise duties decreased marginally.

    “The distributable statutory revenue of N507.267 billion, VAT of N187.409 billion, Exchange Gain of N5.148 billion, brings the total distributable revenue for the month to N699.824 billion.”

  • Price of cooking gas continued upward trend in December 2021 – NBS

    Price of cooking gas continued upward trend in December 2021 – NBS

    Despite optimism by marketers, the price of five kilograms (5kg) of Liquefied Petroleum Gas (LPG) known as cooking gas, continued its upward trend in December 2021 by 8.53 per cent at N3,594.81 from ₦3,312.42 in November 2021.

    The National Bureau of Statistics (NBS) said this on Thursday, in its LPG Price Watch for December 2021, obtained from its website.
    The report said that the price increased from ₦1,949.75 in December 2020, showing an increase of 84.37 per cent, on year-on-year basis.

    It said that the highest average price for refilling a-5kg cylinder was recorded in Benue ₦4,083.33, Cross River ₦3,975.00 and Borno ₦3,966.67.

    However, the lowest average prices were recorded in Adamawa at ₦2,398.40, Yobe ₦2,543.14 and Bauchi ₦2,586.43.

    “Similarly the average price for refilling a-12.5kg cylinder of cooking gas increased year-on-year by 76.49 per cent to ₦7,332.04 in December 2021 from ₦4,154.28 in December 2020.

    “The month-on-month analysis showed that the average price increased by 0.33 per cent from ₦7,308.06 in Nov. 2021,” it said.

    Giving a breakdown of the highest average price by states, the NBS said that 12.5kg cylinder was sold at ₦8,491.67 in Osun, ₦8,303.33 in Oyo and ₦8,058.00 in Abuja.

    For the lowest average price, Borno residents bought at ₦5,852.13, Bayelsa ₦6,678.57 and Nasarawa ₦6,679.57.

    For National Household Kerosene, consumers paid an average price of ₦467.97 per liter in December 2021, an increase of 6.10 per cent on a month-on-month basis from ₦441.06 in November 2021.

    On a year-on-year basis, the average price increased by 32.65 per cent from ₦353.79 in December 2020 to ₦467.97 in December 2021.

    The NBS said that the top three states with the highest average price per liter in the month under review were Ebonyi with ₦687.50, Abia ₦585.00 and Ekiti ₦552.08.

    Also, the states with the lowest average prices per liter were Bayelsa with ₦300.00, Kwara ₦355.60 and Nasarawa ₦384.85.

    “On the other hand, the average price per gallon (3.79 litres) of kerosene paid by consumers increased by 2.51 per cent on a month-on-month basis from ₦1,544.01 in November to ₦1,582.73 in December.

    “The year-on-year analysis shows that the average price per gallon (3.79 litres) of kerosene increased by 34.63 per cent from ₦1,175.59 in December 2020 to ₦1,582.73 in December 2021,” it said.

    The highest prices were recorded in Cross River with ₦2,035.94, Lagos ₦2,015.79 and Jigawa ₦2,004.44 while the lowest prices were recorded in Adamawa with ₦1006.25, Yobe ₦1,164.29 and Borno, ₦1,181.25.

    The NBS said that in arriving at the report about 700 of its staff did field work in all states of the federation supported by supervisors who were monitored by internal and external observers.

    It said its audit team subsequently conducted randomly selected verification of the prices recorded.

    Meanwhile, entering into the new year, marketers have said the price of the commodity has started dropping.

  • Price of cooking gas has started dropping – Marketers

    Price of cooking gas has started dropping – Marketers

    The price of Liquefied Petroleum Gas (LPG) popularly known as cooking gas has started dropping, marketers have confirmed.

    TheNewsGuru.com (TNG) reports Mr Bassey Essien, the Executive Secretary, Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) and Mr Michael Umudu, National Chairman, Liquefied Petroleum Gas Retailers (LPGAR) confirmed this on Monday.

    According to Essien, the announcement that the government was reintroducing value added tax (VAT) on imported LPG created panic in the market which led to the hike experienced in the price of cooking gas in 2021.

    He said the federal government was yet to implement the payment of VAT on imported LPG, and as a result the price of the product across the country has started dropping.

    Recall that the government had in 2019 gazetted the removal of VAT on LPG to increase its domestic utilisation. However, in July 2021, the marketers were notified about the reintroduction of VAT on the product as the government moved to shore up its revenue sources.

    Essien urged the government to urgently clarify its position on the issue, saying: “The announcement that the government was reintroducing VAT on imported LPG created panic in the market which led to the hike we experienced in the prices of cooking gas in 2021.

    “Some marketers stopped importation, and don’t forget that about 60 per cent of LPG consumed in Nigeria is imported. The NLNG only supplies about 450,000MT and our LPG consumption is over one million metric tonne, so imposing VAT on imported LPG affected the market.

    “However, government is yet to begin collection of VAT payment in spite the announcement which has encouraged more marketers to restart importation.’’

    He said the impact was currently being felt as the prices of cooking gas had reduced from about N10,000 and N10,500 for a 12.5kg gas cylinder to about N7,400 and N9000, across the country.

    According to Essien, supply has increased and as it continues, the prices will continue to decline but it is still a far cry from where we are coming from.

    “In January 2021, a 20 metric tonne truck was about N4 million but it is currently about N9.7 million.

    “We have to look at all the factors that drove the prices up including LPG demand in the international market and find a way to domesticate LPG supply to ensure price stability.’’

    Meanwhile, Umudu has said the decline in the prices of cooking gas was a welcome development.

    Umudu said: “we as retailers suffered so much because many of our customers switched to charcoal and firewood because they could no longer afford to buy gas.

    “Now, supply is increasing and we are hoping that if it is sustained, there will be further reduction in the price of cooking gas.

    “We learnt that government has not implemented the VAT policy but the pressure that the pronouncement brought to the industry led to the hike in the price of LPG.

    “We want the government to come out openly to say that they have removed VAT on imported LPG so that there will be stability.’’

    He emphasised the need for the government to encourage more Nigerians to embrace gas because of the attendant health benefits to the nation.

    “Government has announced many policies aimed at deepening gas utilisation such as the Decade of Gas Development initiative and the National Gas Expansion Programme.

    “However, these programmes need to be workable and not just on paper. There need to be infrastructure on ground to support their implementation,’’ Umudu added.

  • What to know about new ‘Facebook tax’

    What to know about new ‘Facebook tax’

    Social media platform Facebook has started informing Nigerian users on the platform of intentions to start charging value added tax (VAT) due to implementation of the tax regime in the country.

    TheNewsGuru.com (TNG) reports Nigerians who use Facebook as a means to market or sell their products will start paying VAT, beginning from 1st of January 2022.

    With the development, Nigerians will now pay a VAT at the applicable rate of 7.5 percent as the Nigerian government looks to bite a chunk off the ads revenue of the social media giants, not without a burden on Nigerians, though.

    The new Facebook tax is in pursuant of the Companies Income Tax (Significant Economic Presence) Order, which is further given impetus by the Finance Bill 2021, which scaled second reading at the Red Chamber of the National Assembly (NASS) on Wednesday.

    TNG reports Facebook, owned by Meta, is the biggest social media platform worldwide. There were 27.6 million Facebook users in Nigeria as of March 2020, which accounted for 12.8% of its entire population.

    The majority of them were men – 60.9% and people aged 25 to 34 were the largest user group (9.5 million). The highest difference between men and women occurs within people aged 25 to 34, where men lead by 2.3 million.

    According to data sieved by TNG from Statista, a leading provider of market and consumer data, advertising accounts for the vast majority of the social network’s revenue.

    The social media giants accumulated an impressive 69.66 billion U.S. dollars in annual ad revenues in 2019. In 2020, Facebook generated close to 84.2 billion U.S. dollars in ad revenues, a 21 percent increase from the 2019 figure.

    TNG further reports Facebook’s average revenue per user significantly increased from 6.81 U.S. dollars in 2013 to 32.03 U.S. dollars in 2020.

    In terms of segments, mobile is the most promising advertising form for the company. In 2018, Facebook’s mobile advertising revenue already accounted for 92 percent of the social network’s total advertising revenue.

    Facebook’s mobile advertising revenue grew from an estimate of 13 billion U.S. dollars in 2015 to 50.6 billion U.S. dollars in 2018.

    Meanwhile, the CIT order by the FG does not only seek to collect VAT for every ad running on Facebook, beginning from January 2022.

    The document imposes tax on any “foreign entity with respect to certain services or digital transactions tax foreign digital service providers offering services to Nigerians and earning revenue in naira.

    To be captured into the CIT net beginning from next year as well are other social media platforms, including Twitter, YouTube, LinkedIn, and Instagram that is also owned by Meta, among others.

    All foreign digital companies involved in transmitting, emitting, or receiving signals, sounds, messages, images or data of any kind including e-commerce, app stores, and online adverts are also captured into the CIT net.

    Also in the coming year, the federal government has proposed to widen the Company Income Tax Act (CITA) to a broad segment of businesses covered by lottery and gaming.

    Such businesses include: “betting, game of chance, promotional competition, gambling, wagering, video poker, roulette, craps, bingo, slot or gaming machines and the likes”.

  • BREAKING: Nigerians to start paying tax for using Facebook from January

    BREAKING: Nigerians to start paying tax for using Facebook from January

    Nigerians will start paying value added tax (VAT) for using Facebook, beginning from 1st of January 2022.

    TheNewsGuru.com (TNG) reports the tax is directly to Nigerians who use the platform as a means to market or sell their products.

    Already, Facebook has started informing users on the platform of the development via email.

    With the development, Nigerians will now pay a VAT at the applicable rate of 7.5 percent.

    The email to Facebook users seen by TNG reads: “Due to implementation of a value-added tax (VAT) in Nigeria, Facebook is required to charge VAT on the sale of ads to advertisers, regardless of whether you’re buying ads for business or personal purposes.

    “All advertisers with a business country of Nigeria will be charged an additional 7.5% VAT on advertising services purchased beginning 1 January 2022.

    “If you’re registered for VAT and provide your VAT ID, your VAT ID will show up on your ads receipts. In the event that you’re entitled to recover VAT, this may help you recover any VAT you paid to the Nigerian tax authorities if you are a VAT registered business in Nigeria”.

    TNG reports the new tax regime is in pursuant of the Companies Income Tax (Significant Economic Presence) Order, introduced in 2020 as an amendment of the Finance Act 2019.

    The document imposes tax on any “foreign entity with respect to certain services or digital transactions tax foreign digital service providers offering services to Nigerians and earning revenue in naira.

    Also, this is carried in the Finance Bill 2021, which scaled second reading at the Red Chamber of the National Assembly (NASS) on Wednesday.

    Meanwhile, the federal government has in recent times gone hard on social media platforms, especially Twitter.

    The Nigerian government slammed an indefinite suspension on the operations of the microblogging platform in the country, citing activities capable of undermining the nation’s corporate existence. And till date the suspension is yet to be lifted.

    To be captured into the CIT net beginning from next year as well are social media platforms, including Twitter, YouTube, LinkedIn, Instagram, among others.

    All foreign digital companies involved in transmitting, emitting, or receiving signals, sounds, messages, images or data of any kind including e-commerce, app stores, and online adverts are also captured into the CIT net.

    Also in the coming year, the federal government has proposed to widen the Company Income Tax Act (CITA) to a broad segment of businesses covered by lottery and gaming.

    Such businesses include: “betting, game of chance, promotional competition, gambling, wagering, video poker, roulette, craps, bingo, slot or gaming machines and the likes”.

    Also, the Finance Bill 2021 seeks to bar those without Tax Identification Numbers (TIN) from opening bank accounts. Besides, account holders would no longer be allowed to operate their accounts without providing TIN.

  • VAT dispute: We’re considering political, out-of-court settlement with states – FG

    VAT dispute: We’re considering political, out-of-court settlement with states – FG

    The Federal Government is considering an out-of-court settlement to resolve the lingering disagreement with states over the collection of the Value Added Tax (VAT).

    Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, disclosed this during recent interview on a monitored Channels Television programme.

    “I have to do this carefully because they are issues in court, and I am not supposed to be talking about issues in court,” said the minister who declined to give more details.

    “But I do hope that this problem can be solved by sitting on the table, not on the pages of newspapers, not disagreements in court because it is possible to solve it on the table.

    “Yes, there will be a positive political solution. We are working towards an out-of-court solution.”

    She explained that the Federal Government was already making lots of efforts to reach out to authorities in the states.

    Asked if the engagements were between her office and the governors, or at the National Economic Council (NEC), Ahmed said, “I said I didn’t want to discuss it because it is in court so I have to be careful.”

    TheNewsGuru.com, TNG recalls that Justice Stephen Pam of the Federal High Court in Port Harcourt had in a ruling delivered in August granted the Rivers State government the right to collect VAT, instead of the Federal Inland Revenue Service (FIRS), paving the way for Governor Nyesom Wike to assent to the VAT Law, 2021.

    But the FIRS, which was displeased with the development, filed a motion on notice to apply for a stay of execution on the earlier judgement delivered by Justice Pam.

    Justice Pam, however, refused the application on the ground that the federal agency failed to file an application to set aside the tax law recently enacted by the Rivers State House of Assembly.

    The FIRS later approached the Court of Appeal in Abuja with a civil motion seeking a stay of the execution of the judgement granted by the court in Rivers, pending the determination of the case.

    In its ruling, the appellate directed all parties to maintain the status quo and refrain from taking action that would give effect to the judgement delivered by Justice Pam, pending the hearing and determination of the instant suit.

    Displeased with the development, the Rivers State government filed an appeal at the Supreme Court to challenge the ruling of the appellate court.

     

  • Tax: We are not in battle with FG – Wike

    Tax: We are not in battle with FG – Wike

    Gov. Nyesom Wike of Rivers says the state is not fighting the Federal Government or any of its agencies over collection of Value Added Tax (VAT) as being insinuated in some quarters.

    Speaking on Sunday in Abuja at a public lecture entitled: “Taxing Powers in a Federal System” to mark the 60th birthday of Mr Ahmed Raji, (SAN) Wike said that state was only trying to pursue what was right and legitimate within the armbits of the constitution.

    The governor who was represented by the Attorney-General of the State, Mr Zacchaeus Adangor, (SAN), maintained that Rivers and the Federal Government were co-equal because they both derived their life from the constitution.

    “I have heard a lot of comments being made that we are fighting the Federal Government, there is no desire or any intention of the Rivers government to fight the Federal Government.

    “The principle of co-equality is fundamental to a federal arrangement, that principle leads to the principle of autonomy, autonomy leads to fiscal autonomy and fiscal autonomy leads to fiscal federalism and when you put all the principles together, what it means is that each level of government, whether federal or state is co-equal because none derives its life from the other.

    “They both derive their life from the constitution because they have co-equality.

    “That is the fundamental aspect of fiscal federalism and until we get it, we will continue this journey of talking without result but I think that the court has a role to play , the court can lay this crises and controversy to rest when it makes a pronouncement.”

    Also speaking at the event, Prof. Abiola Sani appealed to the judiciary to make definite and definitive pronouncement on the impasse surrounding tax collection in Nigeria’s federal system.

    Sani, a professor of commercial law who was the guest lecturer at the occasion called on the National Assembly to use the on-going constitution amendment to bring out clear taxing powers among the three tiers of government.