The Ogun State government has reaffirmed its commitment to harmonizing taxes and levies to mitigate the impact of double taxation on businesses. This effort aims to strengthen the state’s revenue base while ensuring a more business-friendly environment. The announcement was made by Mr. Adebola Sofela, the Commissioner for Industry, Trade, and Investment, during a strategic visit to several industries within the state.
During his visit, Commissioner Sofela emphasized the government’s dedication to fostering strong relationships with various stakeholders in Ogun State. He underscored the importance of collaboration and the sharing of ideas to identify and act upon areas of mutual interest. The objective is to create a synergistic relationship that benefits both the state and its industrial partners.
Mr. Sofela highlighted the ongoing efforts of Governor Dapo Abiodun’s administration to enhance capacity building across all sectors. One significant initiative involves upgrading technical schools in Ogun State. This upgrade is designed to ensure that companies operating in the state have access to a well-trained workforce capable of meeting their technical needs. The Commissioner pointed out that this initiative is part of a broader strategy to bridge any gaps in skilled labor that companies might encounter.
Accompanied by senior management staff from the Ministry, Mr. Sofela also noted improvements in the state’s land administration system. These improvements aim to streamline the process for investors to obtain title documents, thereby facilitating easier access to financing. The intention is to make land acquisition and documentation more efficient, reducing delays and bureaucratic hurdles that investors might face.
The Commissioner revealed that the Ogun State government is actively developing new industrial clusters to accommodate the growing influx of investors. This forward-thinking approach is designed to not only manage current demands but also to prepare for future growth and investment opportunities. These industrial clusters will provide a structured and supportive environment for businesses to thrive.
In his appeal to companies across Ogun State’s three senatorial districts, Mr. Sofela urged them to prioritize the employment of qualified residents from the state. This move is part of the government’s efforts to strengthen the relationship between companies and their host communities. By hiring locally, businesses can contribute to the socio-economic development of the state and foster goodwill with the local population.
“We are working tirelessly to ensure the harmonization of taxes and levies, reducing the incidence of double taxation,” Mr. Sofela stated. He highlighted the Governor’s keen interest in creating an enabling environment for businesses to flourish. This interest is reflected in the government’s substantial investments in security and infrastructure, which are crucial for attracting and retaining investors.
Governor Abiodun’s administration has recognized that a stable and supportive environment is essential for economic growth. By focusing on security, the state aims to provide a safe and secure atmosphere for businesses to operate. Additionally, investments in infrastructure are designed to improve connectivity and access, facilitating smoother operations for businesses across the state.
In conclusion, the Ogun State government’s proactive measures to harmonize taxes, upgrade technical education, streamline land administration, and develop industrial clusters underscore its commitment to creating a conducive environment for business growth. Commissioner Sofela’s visit to local industries is a testament to the administration’s hands-on approach in engaging with stakeholders and addressing their needs. These efforts are geared towards ensuring that Ogun State remains a prime destination for investment, fostering economic development and prosperity for all its residents.
