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#EndSARS Protests: Lagos Will Need N1trillion For Reconstruction — Femi Gbajabiamila

A minimum of N1trillion is required to reconstruct Lagos State after the destruction that occurred during the #EndSARS protest and the crisis that followed, the Speaker of the House of Representatives, Femi Gbajabiamila, has said.



The speaker disclosed this on Sunday, October 25, during a commiseration and solidarity visit to Governor Babajide Sanwo-Olu, at Lagos House, Marina.




According to Vanguard, the minister said: “The House of Representatives will do all it can to compensate all those who suffered brutality including policemen that lost their lives in the process.




Also whatever the house can do in rebuilding Lagos and other states it will do. We are now in a state of reconstruction. What must be done will be done.


ALSO READ: I WISH I NEVER CREATED SARS IN 1984

I learnt from the governor of Lagos State that it will take N1 Trillion to rebuild what had been lost and asked him whats the budget size of the state he said about N1,Trillion. You can see we are moving backward.




Hence, we …

ATCON: Why 20m Nigerians Might Lose Access To Telecom Services

The Association of Telecommunication Companies of Nigeria, ATCON, has said the passing into law of the nine per cent Communications Service Tax bill currently before the Senate would deprive 20 million Nigerians access to telecommunications services.
This was contained in a statement issued on Saturday in Lagos by ATCON’s President, Mr. Olusola Teniola, after he led a delegation of his members on a courtesy visit to the Senate President, Dr. Bukola Saraki.
He urged the Senate to ..........
use its legislative powers to reduce the nine per cent CST to 0.2 per cent.

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ATCON president warned that the nine per cent new tax on telecommunication services being proposed by the National Assembly will exclude 20 million Nigerians, which represent 10 per cent of the country’s population, from accessing telecommunication services.
“ATCON’s mandate is to make meaningful input to all aspects of economic development, including legislation and management of telecommunication industry, so it continues to oil growth and development. The ongoing work on the proposed nine per cent Communication Service Tax Bill is a trending subject.
“We will be happy to support the government to make the best of our tax efforts, which certainly are key components of strengthening the economy and sustaining our industry. Contrary to uninformed opinions, we do not object to reforms in taxation, neither do we regard taxes as burden.
“We ask for a reconsideration of the CST Bill; we recommend, as an alternative, a tax reform that increases the current Value Added Tax by a new one per cent added for the purpose of development of communications. Another alternative is that the tax being proposed in the bill should be limited to 0.2 per cent”, he said.

“The truth is that there is severe over-taxation in our industry. It explains the slow penetration of services into areas yet to be covered by our services across the country. Contrary to popular belief, telecommunication operators and service providers are barely sustaining their existence in these hard times.
“There are reasons to suggest that the desire to widen the tax net is laudable and that as things stand telecommunication is about one of the few areas where the net-capture may be widened”, he added.

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