Thursday, December 9, 2021

States destroying alcoholic drinks cannot continue to enjoy Rivers VAT receipts: Wike

Mr Wike said, “states with ethically restrictive social policies with economic implications” do not deserve Rivers VAT.

• September 7, 2021

States that have a penchant for destroying alcoholic beverages can no longer enjoy the dividends of Rivers state Value Added Tax (VAT), governor Nyesom Wike has said.

Speaking during a statewide broadcast after the Federal Inland Revenue Service (FIRS) failure to secure a stay-of-execution to stop Rivers from collecting VAT from businesses in the state, Mr Wike hinted his victory would affect states’ with low revenue.

Rivers State had the second-highest Internally Generated Revenue (IGR) in 2020, according to a report obtained from the National Bureau of Statistics (NBS).

Mr Wike threw a subtle jab at northern states whose insistence to be governed by Sharia law has witnessed the loss of millions from the destruction of alcoholic beverages, while these states partake in VAT from alcohol consumption from other states. 

He said he was aware that the Rivers state government decision to collect VAT would lead to setbacks for some of these Sharia-compliant states.

“Naturally, states with ethically restrictive social policies with economic implications may be adversely affected for now,” Mr Wike said.

Over the years, the Hisbah police (enforcers of Sharia law) has continued to destroy millions of bottles and cans of alcoholic drinks considered a sin in Islam.

In an interview with Punch, Kano-based distributor of alcoholic drinks, John Simon, lamented how he lost over N35 million to the Hisbah police after they destroyed thousands of his alcoholic drinks in November last year.

More from Peoples Gazette

Abuja Electricity Distribution Company (AEDC) and United Bank of Africa (UBA)

Abuja

UBA takes over AEDC, to appoint interim manager

United Bank of Africa (UBA) has taken over Abuja Electricity Distribution Company (AEDC) over failure of its major shareholder to payback a loan.

President Muhammadu Buhari

States

I can’t handle evil confronting Nigeria alone: Buhari

President Muhammadu Buhari says the quantum of adversity his regime is confronting can only be surmounted with the assistance of all Nigerians.

Stock Market

Economy

Price rally spurs growth at stock market

Market breadth was positive with 20 stocks against 11 losers.

President Muhammadu Buhari and late Sylvester Oromoni Jnr

Rights

I’m as angry as other Nigerians about Sylvester Oromoni’s death: Buhari

“The President urges the Police to continue the ongoing investigation until they get to the root of the matter in order for the law to take its course.”

Former Chief of Air Force, Mohammed Dikko Umar

Anti-Corruption

I acquired N9.7 billion assets from my travel allowance, ex-Air Force chief Dikko Umar tells court

Mr Umar made his statement on Wednesday while fielding questions from the prosecution counsel, Sylvanus Tahir, at the Federal High Court, Abuja.

Abdullahi Attah

Economy

FCT-IRS rakes in N118 billion, targets more in 2022: Official

The FCT-IRS said it remitted N118 billion into the federal government coffers as of November.