Explain why the state has joined forces on the application for VAT
Ogun State Governor Dapo Abiodun said the Agro Cargo Airport under construction by his administration would transform Ogun into a West African agricultural hub when completed. next year.
Abiodun, who said this when meeting with executives from SIAO Partners, an independent professional and accounting services firm in its Oke-Mosan office in Abeokuta, added that the airport would also be a hub for the aviation industry.
“We are convinced that by the end of the fourth quarter of next year, we should put the airport into operation. The construction has gone very far; we are looking to transform this airport into a hub for agro freight activities on the west coast of Africa, ”he noted.
In a related development, Governor Abiodun also explained why the state joined with other states in the fray to collect value added tax (VAT).
Speaking when he welcomed members of the Institute of Chartered Accountants of Nigeria (ICAN) into his office, he said his administration decided to take advantage of the VAT controversy to ensure that Ogun receives a fair share of the money generated. of the system.
He explained that despite the huge revenue generated by VAT, the state’s share does not reflect what it generates, insisting that the state’s action on the issue was to ensure fairness. .
“We generate so much money, but we don’t have more of that same fund that we worked with our sweat and blood to generate,” he noted.
The governor lamented that the country is spending so much to subsidize petroleum products, wasting the funds needed to provide basic equipment, which would accelerate development.
While informing the leadership of ICAN that his administration strictly adheres to all principles of good governance, Abiodun said the state has generated the sum of 75 billion naira in the past nine months and is striving for it. overtake next year.
Regarding the position of the State Responsibility Index (IA) of ICAN, he observed that Ogun fell from the 29th to the 19th position, expressing the desire of his administration to see the State in the three first positions next year.
Speaking earlier, ICAN President Ms. Comfort Olu Eyitayo highlighted the governor’s exemplary leadership style, which she said has had a positive impact on health, education, community development. youth and other sectors of Ogun’s economy.
Abiodun, while revealing that his administration laid the foundations for the participation of the private sector in the state economy, through various initiatives such as the Office of Public-Private Partnerships, the Investment Promotion Agency of Ogun along with the Council for the Business Environment, told the SIAO team that state agencies would help improve the state’s ranking on the Ease of Doing Business Index.
He pointed out that his administration had decided to seek special status for the state from the federal government because of the many federal highways that cross the state, saying: “If special status is granted, it will help the state to rebuild further. of state-owned roads. at the FG.
The governor, who further said that his administration, in addition to building interstate roads, is also building inter-city and intra-city roads, said his administration had built around 270 kilometers of road in less than three years.
Speaking on behalf of SIAO partners, Managing Partner Ituah Igbodalo praised the state government for its progress in infrastructure development, adding that his organization was ready to partner with the state. in others to take advantage of the economic opportunities embedded in the Gateway State. .