Oyo Govt Tasks New Businesses on Tax Payment

Oyo State Government has urged new businesses in the State to help it boost its revenue by paying their taxes, as at when due.

The commissioner for Information, Culture and tourism, Dr. Wasiu Olatunbosun stated this over the weekend during the launch of new businesses in Ibadan.

He said the State Government’s concerted efforts to block revenue leakages has started yielding positive results, adding that the State’s position in the ranking of States with highest internally generated revenue is an attestation to Governor Seyi Makinde’s efforts to boost revenue for effective service delivery.

He said the State government will not stop to enlighten its citizenry on the gains of paying taxes, adding that payment of tax by Businesses will ease execution of infrastructural facilities within the state.

Olatunbosun urged business operators in the state to pay their taxes directly into Oyo State Government specified account and obtain receipt or teller, stressing that governance in Oyo State is in the good hands of Engr. Seyi Makinde.

Speaking further, Dr. Olatunbosun noted that the policies of Governor Makinde’s Government has contributed to the ease of doing businesses in the pace setter State.

Olatunbosun noted that the State Government is progressing in its development agenda for its residents and has blocked leakages.

He said, “Oyo State Government has shaped tax policies in a way that encourages and supports the growth of the informal sector of the economy. We are quite aware that multiple taxes affect micro and small enterprises negatively and we have made efforts to eradicate it”.

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