Bill to hike VAT passes second reading in Senate

An Executive bill forwarded to the National Assembly seeking to make changes in the Nigerian tax and fiscal law scaled passed second reading at the upper chamber on Wednesday.

Senators however protested the non-inclusion of details of the bill, which seeks among others, raising the current Value Added Tax from five per cent to 7.5 per cent.

The lawmakers stated that the absence of the bill details would not enable them to make informed contributions.

The President of the Senate, Ahmad Lawan, however insisted that the bill be discussed without the details made available to senators.

Senators Yaroe Binus (Adamawa South) and Betty Apiafi (Rivers West) separately raised points of order, drawing the attention of the President of the Senate to the issue.

Lawan ruled both of them out of order and maintained that the details of the bill would only be made available at the committee level.

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