NGF Await Supreme Court Verdict on Issue of VAT

The Nigerian Govenors Forum has said that it was waiting for the verdict of the Supreme Court before taking any decision on the vexed issue of Valued Added Tax.

The Chairman of the forum, Governor Kayode Fayemi, said the controversy over VAT required both political and legal measures to be settled.

The governor also emphasized the need to channel borrowed funds to regenerative ventures that would strengthen the nation’s economy and generate more jobs for the citizens.

He said that there was nothing wrong in the recent call by President Muhammadu Buhari for a downward review of the nation’s debt portfolio, owing to the prevailing revenue challenges facing the country.


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