Just in: FG to reconstruct North-East with tax payers money
– The chairman of the committee on special duties, Senator Abdul-Aziz Murtala Nyako, has said federal government will reconstruct the North East through a three percent Value Added Tax (VAT)
– He said the commission got the Senate’s approval because it will be financed and regulated by the federal government without state or local government interruption
– Nyako added that the federal government will be the one to carry out a comprehensive survey and data bank that will bring out a comprehensive master plan for rebuilding the North East
Federal Government would reconstruct North East through 3% VAT – Senator Nyako
Senator Abdul-Aziz Murtala Nyako representing Adamawa central senatorial district, has said that the 3% percent federal Value Added Tax (VAT) approved by the National Assembly to the North-East development commission was for rebuilding, reconstruction and rehabilitating infrastructures ravaged by the Boko Haram insurgency in the zone.
In a statement obtained by NAIJ.com, the said the 3% federal VAT for the commission got Senate’s approval because it is a commission that will be financed and regulated by the federal government without state or local government interruption.
READ ALSO: Nigerian Senate passes North-East development bill
He explained that the federal vat is different from the national, state or local government and that the National Assembly within its ambit has the powers to approve the federal vats to NEDC because it is a commission that will be controlled by the executives after President Muhammadu Buhari assents to it.
“Senate was very critical in the consideration of approving this and looking at the circumstances with which the percentage was being canvassed, it leaves no one in doubt; hence, all of us were unanimous that it should be approved.
“Getting the right individuals with adequate capacity to work in the commission as well as establishing and implementing its budget will be the sole responsibility of the federal government without interference by state and local government,” he said.
Nyako added that the federal government will be the one to carry out a comprehensive survey and data bank that will bring out a comprehensive master plan for rebuilding the North East ravaged infrastructure such as public schools, hospitals, worship centers, places of commerce and administrations.
The Nigerian Senate on Thursday, October 20, passed the North-east development commission bill seeking to revive the North east part of the country after being destroyed by Boko Haram insurgents.
READ ALSO: North East Development Bill Passes Second Reading
The bill which was laid by Nyako, who is also the chairman of the committee on special duties, scaled third reading after disagreements over funding sources and headquarters.
Recall that the Senate on Tuesday, June 14 were divided over the report of the committee on special duties on the North East Development Commission bill.
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