Makinde Promises Tax Breaks and Claims ₦250bn Fund Issues

Seyi Makinde, the Oyo State Governor and presidential candidate of the Allied Peoples Movement, has promised to implement tax breaks for entrepreneurs if he is elected president in 2027. Speaking at the APM South-South Town Hall meeting in Uyo, Akwa Ibom State, Makinde accused the Federal Government, led by President Bola Tinubu, of focusing on taxing poor Nigerians rather than wealthy individuals.

He referenced reforms introduced by Tinubu’s administration that have drawn mixed reactions, particularly concerns about their impact on the middle class. Makinde highlighted his success in increasing Oyo State's internally generated revenue without raising taxes and emphasized his proposed RESET agenda aimed at fostering entrepreneurship and economic growth.

He also claimed that the Federal Government has withheld nearly ₦250bn in Nigeria LNG dividend payments due to states, asserting that the government has been mismanaging these funds. Makinde's statements reflect his commitment to reforming Nigeria's socio-political landscape and supporting economic development.