Fashola Tells Sanwo-Olu To Reduce Taxes, Levies, Share Wealth In Lagos

Former Minister of Works, Babatunde Fashola, has urged Governor Babajide Sanwo-Olu to consider reducing taxes and levies imposed in Lagos State, aiming to alleviate economic pressures on residents.

Speaking at the 18th edition of the Lagos’ Executive and Legislative Parley on Friday, Fashola emphasized the importance of such reductions in mitigating the challenges faced by the populace.

“The Lagos state government deserves to be commended for the feeding initiative and for also reducing the cost of transportation in the state; this is commendable, and I applaud Gov. Sanwo-Olu,” remarked Fashola, expressing appreciation for the administration’s efforts.

He continued, offering additional suggestions, stating, “I’d like to make additional suggestions. I think reducing levies and taxes would help find succour for residents of our great state in the current economic situation.”

Fashola recalled past instances where tax relief measures were implemented, stating, “There must be a balance. I remember during the Ebola crisis, the Association of Tourism and Hotel Owners approached us (government) then that we should suspend the Consumption Tax, which we did.”

Highlighting the need for equitable wealth distribution, Fashola advised the state government to prioritize engagement with small businesses and ensure their needs are addressed.

“We must meet with small businesses across the senatorial districts, and the state legislature should hold town hall meetings to understand their needs and demands,” emphasized Fashola, emphasizing the importance of inclusivity in governance.

He concluded, emphasizing the importance of public works and wealth redistribution, stating, “We have more money in the hands of the people; we need to roll out public works in construction, supply, etc. We need to find a way to redistribute wealth.”