The Governor of Oyo State, Engr. Seyi Makinde has told the Speaker of the Oyo State House of Assembly, Hon. Adebo Ogundoyin that he will suspend the implementation of the recently passed Presumptive Tax Law.
The governor disclosed this during the flagging off of the upgrade of the Samuel Ladoke Akintola Airport, Alakia, Ibadan on Wednesday.
Makinde assured residents of the state that the Presumptive Tax Law recently passed by the Oyo State House of Assembly will not be implemented at this time due to the general hardship facing the people.
He stated that his government will only fight poverty and not poor people.
“We took an important decision yesterday at the Executive Council Meeting. We know times are hard and Nigerians are hungry and angry. But I hope this will not boil over. But in Oyo State, we have control over what we can do here. I can see that the House has passed the Presumptive Tax Bill. Yes, it came from us because if we need to expand the economy, we need to generate money. I will sign it into law but we will not implement it for now.”
He said his administration would only promote policies that would leave money in the pockets of the people of Oyo State so that they could spend the same on areas important to them.
While stressing that his government would not do anything to deliberately hurt the people, Makinde said the government had paid due compensation to land owners in Ajia, who lost their property to the new Air Force Base being constructed in the area.
