Lagos State Governor, Babajide Sanwo-Olu has signed into law the bill seeking to empower the state to collect value-added tax (VAT).
This was made known by Gbenga Omotosho, the commissioner for information and strategy.
He stated that the governor signed the “bill for a law to impose and charge VAT on certain goods and services” after returning from an official trip to Abuja on Friday.
“By this act, the bill has now become a law,” he added.
Recall that earlier this week, the VAT bill passed the first and second reading at the Lagos state house of assembly.