Wednesday, February 11, 2026 - Osun State Governor, Ademola Adeleke, has assured residents that his administration’s tax reform policy is not designed to impose additional hardship on citizens but to ensure fairness, balance and sustainable revenue generation.
The governor gave the assurance at a three-day stakeholders’
engagement on the implementation of the new tax law in Osun State, held on
Tuesday at the Centre for Black Culture, Osogbo.
Adeleke, who was represented by the Secretary to the State
Government, Teslim Igbalaye, acknowledged that taxation remains a major source
of government revenue but said the ongoing reforms are structured to ease the
burden on the populace while improving efficiency.
He explained that the reforms are aimed at expanding the tax
net by bringing more operators in the informal sector into compliance, thereby
increasing funds available for social services and infrastructure development.
“This retreat is timely and necessary as the new tax Acts
are not designed to place undue burden on citizens or businesses. Rather, they
are intended to promote fairness, expand the tax net, improve compliance and
strengthen Osun State’s revenue base through transparency, efficiency and
digital innovation,” Adeleke said.
He added that the policy framework is people-oriented,
pro-business and investor-friendly, with special consideration for small and
medium-scale enterprises that play a critical role in economic growth and job
creation.
“Our approach to tax reform is deliberate and
people-centred. The new framework recognises the importance of SMEs and
provides a gradual, fair and supportive pathway for integrating the informal
sector into the formal economy,” he said.
The governor further noted that safeguards have been put in
place to protect low-income earners through reliefs, exemptions and reduced tax
rates where applicable.
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