The Ogun State Government is actively working to harmonize taxes and levies to minimize double taxation, which could impact the revenue of businesses within the state.
Commissioner for Industry, Trade, and Investment, Mr. Adebola Sofela, shared this information during a visit to Nestle Nigeria’s Managing Director, Mr. Wassim Elhusseini, on Friday.
Sofela’s visit aimed to strengthen the relationship between the state government and its stakeholders, fostering collaboration and the exchange of ideas on mutual interests.
He emphasized the commitment of Governor Dapo Abiodun’s administration to capacity building at all levels.
As a tangible example, technical schools across Ogun State are being upgraded to ensure companies have the skilled manpower needed to meet their technical requirements.
Accompanied by top officials from the ministry, Sofela highlighted the improved land administration system under the current administration, which enables investors to obtain title documents promptly, facilitating access to financing.
Additionally, the government is creating new industrial clusters to accommodate the growing influx of investors and to plan for future needs.
The commissioner also urged companies across Ogun’s three senatorial districts to prioritize employing qualified local residents to strengthen their ties with host communities.
“We are working to ensure the harmonization of taxes and levies to reduce the incidence of double taxation,” Sofela stated.
“The governor is particularly focused on creating an enabling environment for businesses to thrive, with significant investments in security and infrastructure.”
Mr. Elhusseini praised the state government’s business-friendly policies, noting that 80 percent of Nestle Nigeria’s investments are located in Ogun State, indicating the effectiveness of the government’s approach.
