The Nigerian Governors Forum, NGF says it is waiting for the judgment of the Supreme Court before taking any decision on the vexed issue of Valued Added Tax, VAT.
Chairman of the forum, and Ekiti state Governor Kayode Fayemi announced this while featuring on a Television programme in Ado-Ekiti, Ekiti state. He added that the forum believed that the controversy over VAT required both political and legal measures to be settled.
Fayemi however, advised the Supreme Court to accelerate its decision to have clarity over who should be in charge of Value Added Tax, VAT, whether it is the Federal Inland Revenue Service, or States.
He also emphasised the need to channel borrowed funds to regenerative ventures that would strengthen the nation’s economy and generate more jobs for the citizens.
The Forum’s said 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.
He however, called for a comprehensive approach that would complement the National Security Response Strategy in tackling the lingering security challenges facing the nation.
