The Acting President, Yemi Osinbajo, has signed an Executive
Order to back the Voluntary Asset and Income Declaration Scheme.
Osinbajo signed the Executive Order during the formal launch
of the VAIDS scheme at the Presidential villa, Abuja.
Speaking during the signing, the Acting President said the
new initiative is targeted at increasing tax awareness and compliance, as well
as grant tax payers a time-limited opportunity to regularise their tax status
without penalty.
Osinbajo noted that the scheme which will be jointly
executed by the Federal and State Governments, would concentrate on the
obligations of all Nigerian companies and citizens to pay their taxes, wherever
their income is earned.
The signing of the Executive Order was witnessed by the
Minister of Finance, Mrs Kemi Adeosun, Governors of Ogun, Kaduna, and Zamfara
among others.
By Seun Opejobi
