• Senate approves 3% VAT deduction to rebuild North East

    Senate approves 3% VAT deduction to rebuild North East

    According to reports, the Senate on Thursday approved allocation of three per cent of Value Added Tax accruable to the Federal Government in the next 10 years to the rebuilding of the North East.

    This was sequel to the adoption of the recommendation of the Ad hoc Committee on North-East Development Commission Bill, which also proposed that the commission be domiciled in Borno.

    It would be recalled that in June when the Bill came for third reading, the two issues of allocation […]