24hrs later, Sanwo signs VAT bill into Law

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YBTC NEWS—Twenty four hours after the Value-Added Tax Bill as passed by the House of Assembly, Governor Babajide Sanwo-Olu of Lagos State has signed into law of the State.

“The governor signed the ‘bill for a law to impose and charge VAT on certain goods and services’ at about 11.45 a.m. on Friday after returning from an official trip in Abuja,” Gbenga Omotoso, the commissioner for Information and Strategy, said in a statement.

“By this act, the bill has now become a law,” he added.

The Lagos State House of Assembly transmitted a clean copy of the VAT Bill to Mr Sanwo-Olu on September 9, through the acting clerk of the House, Olalekan Onafeko.

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