Lagos State Governor, Babajide Sanwo-Olu, has signed into law a bill empowering the state government to collect Value Added Tax (VAT).
The Commissioner of Information and Strategy in Lagos, Gbenga Omotoso, disclosed this in a statement on Friday.
“The governor signed the ‘bill for a law to impose and charge VAT on certain goods and services’ at about 11:45am today, after returning from an official trip to Abuja.
“By this act, the bill has now become a law,” said Omotoso.
This comes a day after members of the Lagos State House of Assembly passed the VAT bill and another that prohibits the open grazing of cattle in the state.