How I will improve Oyo tax systems – Gov Makinde

By Adejayan Gbenga

Oyo State Governor, Engr. Seyi Makinde, has assured that his administration will continue to improve the state’s tax systems to make them more efficient and effective without overburdening taxpayers.

Makinde gave the assurance at the 157th Joint Tax Board Meeting held in Ibadan on Monday.

According to the governor, “Our administration will continue to strengthen the capacity of the Internal Revenue Service to manage compliance more effectively, with empathy and fairness. The future of taxation—especially of the informal sector—depends on how well we balance enforcement with understanding.

“In Oyo State, we are not just talking about expanding the tax net; we are actively doing so. We recognise that the informal sector—made up of traders, artisans, commercial drivers, and small businesses—forms the backbone of our local economy. Historically under-taxed, this segment has now become a focus of strategic action.

“We have taken concrete steps to bring more people into the tax net without burdening them unnecessarily.

“Our initiatives include mass tax education: through consistent enlightenment programmes, we are helping informal sector operators understand that taxation is not a punishment, but a pathway to better roads, schools, and services. Simplified processes: by introducing digital payment channels and working closely with trade associations, we have reduced the stress and time it takes for small business owners to comply. Incentive-linked compliance: we are tying voluntary tax compliance to benefits such as access to empowerment schemes and credit facilities.

“These measures have already led to tangible results. One of the most significant outcomes is an increase in our Internally Generated Revenue (IGR), which has risen by 295% in the past six years. This rise reflects both increased compliance and growing trust in our governance systems.”

Also present at the meeting were the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adelabu Adedeji, and other stakeholders.