We’ll not increase tax to improve IGR, Oyo State reassures entrepreneurs

Oyo State Government has reiterated its assurance to the people of the state that the administration will not increase tax on business enterprises to increase the Internally Generated Revenue (IGR) of the state. Executive Chairman, Oyo State Internal Revenue Service (OYSIRS), John Adeleke, who gave the reassurance in a chat with journalists in his office, said that Governor Seyi Makinde was applying sympathy and empathy in his dealings on the matter since the new administration came to office. He said that the government was working assiduously to capture other areas that have not been explored to generate more revenues to the coffers of the state, adding that a culture of efficient and leak-proof collection in all areas of revenue would be put in place. “Instead of tax increment, we are emphasising efficient collection of existing revenue and we are bringing our informal sector into the tax net. Besides, we are reaching out to other geo-political zones in our tax campaign. “The good performance of Makinde has also changed the attitude of the stakeholders towards tax payment. Most of them are responding without any reminder. However, the economy is a big challenge for many companies as this has implication on Pay As You Earn (PAYE) remittances. Meanwhile, the state government has ordered illegal occupants of Agbowo Shopping Complex to vacate the place, as renovation of the complex would begin soon. The illegal occupants have been occupying the shopping complex without paying rent to the state government since 2012. The state Commissioner for Lands, Housing and Urban Development, Mr. Abiodun AbdulRaheem, who was on inspection tour of Oyo State Housing Corporation Estates in Ibadan metropolis, said that the state government would not condone usage of its property illegally. “The situation of things at Agbowo Shopping Complex is worrisome. What baffles me more is that the tenants at the shops who have now turned themselves to landlords going by their attitude maintained that the last time they paid their rent was in 2012 “This is not good at all and we are using this medium to inform them that renovation of the edifice will soon start and we have no choice than to eject them.” In another development, the Oyo State government has said that the state has returned 34 per cent of its out-of-school children population to class and working towards mopping the rest of the population outside classroom back before the end of the year. The state Commissioner for Education, Science and Technology, Prof. Kehinde Sangodoyin, disclosed this at the weekend during the launching and dedication of projects embarked upon by Old Students of Ibadan City Academy, Ibadan. Sangodoyin said that the state would leave no stone unturned in its move to provide qualitative education without financial burden on parents and guardians.


Source: The Guardian