{"id":52902,"date":"2021-11-05T17:10:57","date_gmt":"2021-11-05T16:10:57","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=52902"},"modified":"2021-11-05T16:39:08","modified_gmt":"2021-11-05T15:39:08","slug":"despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun","title":{"rendered":"Despite huge revenue generated from VAT in Ogun, we have gained nothing \u2013 Gov Abiodun"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Governor Dapo Abiodun of Ogun State has explained why the state joined other states in the dispute over who should collect the Value Added Tax (VAT) between the Federal and State Governments.<\/p>\n<p>According to Abiodun, his government was taking advantage of the VAT controversy to ensure \u201cOgun gets its fair share from the revenue being generated from the system.\u201d<\/p>\n<p>The governor disclosed this Thursday when he hosted members of the Institute of Chartered Accountant of Nigeria (ICAN) in his Oke-Mosan office, Abeokuta.<\/p>\n<p>According to the governor, in spite of the huge revenue being generated from VAT in Ogun, what the state gets from the Federal Government \u201cdoes not reflect what it generates,\u201d insisting that the state action on the VAT controversy was to ensure fairness.<\/p>\n<p>\u201cWe have joined the fray on the Value Added Tax because we believe that a state like us, which generates huge fund from it, is not getting fair share of the proceeds. Not only are we producing, we are also a consuming state,\u201d Abiodun said.<\/p>\n<p>He explained that Ogun generates so much money, yet, it does not have \u201ca bigger chunk of the fund we worked with our sweat and blood to generate.\u201d<\/p>\n<p>Abiodun lamented that Nigeria was spending so much in subsidizing petroleum products; this, he said, resulted in \u201cwasting funds needed to provide basic amenities.\u201d<\/p>\n<p>He informed the ICAN leadership that the state had generated N75bn in the first three quarters of the year 2021, stressing that it was working towards doing better next year.<\/p>\n<p>Speaking, the ICAN President, Mrs. Comfort Olu Eyitayo, said that the institute had made known its position on VAT, pleading for the cooperation of the state ministries, departments and agencies to place the state in its rightful position.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Governor Dapo Abiodun of Ogun State has explained why the state joined other states in the dispute over who should collect the Value Added Tax (VAT) between the Federal and State Governments. According to Abiodun, his government was taking advantage of the VAT controversy to ensure \u201cOgun gets its fair share from [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":52901,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,28,14,26],"tags":[793,1570,2140,254,675],"class_list":["post-52902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-abiodun","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-vat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Despite huge revenue generated from VAT in Ogun, we have gained nothing \u2013 Gov Abiodun - Nigeria<\/title>\n<meta name=\"description\" content=\"Governor Dapo Abiodun of Ogun State has explained why the state joined other states in the dispute over who should colle ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite huge revenue generated from VAT in Ogun, we have gained nothing \u2013 Gov Abiodun\" \/>\n<meta property=\"og:description\" content=\"Governor Dapo Abiodun of Ogun State has explained why the state joined other states in the dispute over who should colle ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-05T16:10:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/11\/img-61855002dfee1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Despite huge revenue generated from VAT in Ogun, we have gained nothing \u2013 Gov Abiodun\",\"datePublished\":\"2021-11-05T16:10:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun\"},\"wordCount\":316,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/11\/img-61855002dfee1.jpg\",\"keywords\":[\"Abiodun\",\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"VAT\"],\"articleSection\":[\"all news\",\"homepage-english\",\"Policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/despite-huge-revenue-generated-from-vat-in-ogun-we-have-gained-nothing-gov-abiodun\",\"name\":\"Despite huge revenue generated from VAT in Ogun, we have gained nothing \u2013 Gov Abiodun - 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