The Oyo State Governor, Seyi Makinde, has pledged that his administration will refrain from implementing any new taxes.
Speaking in a media chat with newsmen, Makinde asserted that the state has gone over six years without adding any tax.
He explained that his government is focused on bringing more people into the existing tax net.
He described the approach as a “chicken-and-egg” scenario, questioning whether it is better to impose taxes first or create a conducive environment for economic growth.
“When you create a living environment where people and businesses can expand production, you build a productive economy. Only then are you in a position to raise revenue effectively,” Makinde said.
The governor emphasized that the administration’s priority is fostering economic growth to ensure a sustainable and fair tax system for the state’s residents.
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