Makinde Assures Residents: No Tax Increase Under Our Administration

Residents have been reassured by Governor Seyi Makinde that his administration will not impose additional taxes because the state hasn’t done so for more than six years.

In an interview with Channels TV, the governor clarified that his administration has instead concentrated on increasing the number of people who are covered by the current tax system.

He referred to the strategy as a “chicken-and-egg” situation, raising the question of whether it is preferable to enact taxes first or foster an atmosphere that is favorable to economic expansion.

“You build a productive economy when you create a living environment where people and businesses can expand production.” You can only effectively raise revenue at that point, according to Makinde.

In order to guarantee a sustainable and equitable tax system for the people of the state, the governor underlined that the administration’s top objective is promoting economic growth.