Following a directive given by Governor Abdulfatah Ahmed to the State’s revenue service, Kwara State government plans to commence a five-year tax relief regime for small business owners in the state. The Governor directed the Chairman of the State Internal Revenue Service to coordinate the process of the tax holiday. This is part of the government’s effort to boost entrepreneurship and eradicate poverty in the State.
A statement released by Wahab Oba, Chief Press Secretary to the Governor, quoted the governor as saying the five-year tax relief regime is aimed at facilitating economic growth and development of the State, at a lecture to mark the 50th anniversary of the State in Ilorin.
Oba said the State had not introduced fresh taxes but only succeeded in blocking leakages in the system through effective management of the collection processes, adding that “our business is not to kill your business but to grow your business.”
At the event, the guest speaker at the occasion and former Deputy Governor, Central Bank of Nigeria, CBN, Dr. Sarah Alade, advised the State government to design an economic blue print that would strategically reposition the State for economic prosperity. Alade noted that Kwara State has the lowest unemployment rate in the country and should never be among the poorest. She, therefore, urged the government to step up its Public-Private Partnership concept.
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