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N’East commission demands five percent of VAT, special funds

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The North-East Development Commission on Wednesday demanded five per cent allocation from the Value Added Tax and special consideration in the Ecological Fund to enable it to develop the region.

The Managing Director/Chief Executive Officer, NEDC, Mohammed Alkali, made the appeal  during a stakeholders meeting between the agency and members of the National Assembly from the region.

The NEDC, at the moment, is getting three per cent from VAT and substantial amount from the Ecological Fund.

Alkali said funds were still needed to build the North-East based on its 10-year master plan.

He said, “We need increment in the VAT and Ecological Fund from three per cent to five per cent.

“If anything happens to the VAT and the ecological funds it will affect our operations.

“So, we want the ratio to be increased from three per cent to five per cent to help us to run the activities of the commission effectively.”

The Leader of the North-East Caucus in the National Assembly, Sen Danjuma Goje, said the meeting was an opportunity to have a firsthand briefing on the commission’s activities.

“We want development of the North East, “ Goje said before the meeting went into an executive session.

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