Makinde's Bold Economic Measures: Tax Relief on Food Items and Border Revenue Collection Relocation, Driving Sustainable Development

Makinde’s Bold Economic Measures: Tax Relief on Food Items and Border Revenue Collection Relocation, Driving Sustainable Development

 

Makinde's Bold Economic Measures: Tax Relief on Food Items and Border Revenue Collection Relocation, Driving Sustainable Development
Makinde’s Bold Economic Measures: Tax Relief on Food Items and Border Revenue Collection Relocation, Driving Sustainable Development

Makinde’s Bold Economic Measures: Tax Relief on Food Items and Border Revenue Collection Relocation, Driving Sustainable Development

By Comrade Ibekwe Simeon
Member GSM Advocates.

In a bid to enhance the agricultural sector and ensure food security in Oyo State, His Excellency Engr. Seyi Makinde has recently taken proactive steps by suspending revenue collection on food items within the state. Governor Makinde has announced plans to relocate such revenue collection to food items crossing the borders of Oyo State. These measures have significant implications for the state’s economy, agricultural sector, and overall development.

The decision to suspend revenue collection on food items within the state is a commendable move aimed at promoting food security. By removing taxes and levies on agricultural produce within the state, Governor Makinde is encouraging local farmers to increase production and contribute to meeting the food needs of the state’s population. This step will not only make food more affordable for the residents but also create an enabling environment for farmers to thrive.

Relocating revenue collection to food items crossing the borders of Oyo State is a strategic step that will stimulate the growth of the agricultural sector. By focusing on revenue generation from food items entering the state, Governor Makinde is incentivizing agricultural trade and encouraging farmers to explore markets beyond state borders. This move will not only increase the income of farmers but also promote inter-state trade and economic integration.

The suspension of revenue collection on food items within the state sends a positive signal to potential investors in the agricultural sector. By creating a business-friendly environment, Governor Makinde is attracting investment in agricultural production, processing, and distribution. This will lead to job creation, increased revenue generation, and overall economic growth in Oyo State.

Relocating revenue collection to food items crossing the borders of Oyo State will help in curbing smuggling and illicit trade. By strengthening border controls and implementing efficient revenue collection mechanisms, the state government can regulate the inflow of food items and ensure compliance with quality and safety standards. This proactive step will protect local farmers from unfair competition and promote local agricultural production.

The suspension of revenue collection on food items within the state will encourage farmers to increase production, leading to enhanced food availability and affordability for the residents of Oyo State. The relocation of revenue collection to food items crossing the borders will stimulate agricultural trade, attract investment, and contribute to the overall economic growth of Oyo State.By implementing efficient revenue collection mechanisms at the borders, the state government can ensure that food items entering Oyo State meet quality and safety standards, thereby protecting the health of the residents.

Effectively, the proactive steps taken by His Excellency Engr. Seyi Makinde in suspending revenue collection on food items within the state and relocating such revenue collection to food items crossing the borders of Oyo State demonstrate a commitment to enhancing food security, promoting the agricultural sector, attracting investment, and reducing smuggling.

Com Ibekwe Simeon is a Student Peace Practitioner at the Prestigious University of Ibadan Department of Peace, Security and Humanitarian Studies UI
simeon2k24sure@gmail.com

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