Sanwo-Olu Ensures Tax Reforms to Protect Small Businesses Without Burdening the Poor

Governor Sanwo-Olu of Lagos State addressed stakeholders at the Lagos Tax Reform Summit, assuring that the tax reforms effective from January 1, 2026, will not negatively impact the poor but rather protect small businesses. He emphasized the need for a fair and efficient tax system, aligning with the Federal Government's tax reform framework.

Various officials and committees at state and federal levels are collaborating to implement harmonious tax policies. The reforms aim to simplify the tax base for SMEs, protect low-income earners, and reduce compliance burdens.