• Senate passes NEDC bill, approves 3% federal VAT for 10 years

    Senate passes NEDC bill, approves 3% federal VAT for 10 years

    According to reports, the Senate yesterday passed the North-East Development Commission (NEDC) Bill which empowers the Federal Government to set up a commission to rehabilitate the Boko Haram devastated North-East region.

    Strangely and interestingly, the Senate included Kano and Plateau States in the list of states to benefit from the commission’s funds for rebuilding the region, even though they are located in North-West and North-Central geopolitical zones respectively.

    The decision to include Kano and Plateau in the rebuilding plan followed a protest […]