Lagos State Governor, Babajide Sanwo-Olu, has said that the success of President Bola Ahmed Tinubu’s tax reforms will depend largely on how effectively states implement the new policies, not just on the passage of federal laws.
Speaking at the Lagos Tax Reform Summit, the governor explained that while national legislation provides the framework, real impact will only be felt when reforms are translated into practical actions at the state level. He disclosed that Lagos has already begun adjusting its revenue portal in preparation for the new tax framework expected to take effect in January.
According to Governor Sanwo-Olu, the responsibility of government is to ensure that policies are experienced in real terms by businesses, workers, and families. He described the summit as a platform focused on turning reform into action, stressing that Lagos has always operated within the national fiscal system and remains fully aligned with the reforms being championed by President Tinubu.
Addressing concerns that the tax reforms may favour the wealthy at the expense of the poor, the governor dismissed such fears, stating that the new tax law is designed to protect small businesses, ensure high-income earners meet their obligations, close revenue leakages, and bring more people into the tax net in a fair and transparent manner.
Governor Sanwo-Olu acknowledged that the reform process has not been easy but noted that the most difficult phase is gradually giving way to measurable progress. He praised President Tinubu for demonstrating the courage and experience required to tackle long-standing structural problems in the tax system.
For Lagos State, he said the reforms align naturally with its approach to public finance management. With a rapidly growing population and increasing demand for public services, the state must rely more on sustainable, internally generated revenue to continue delivering infrastructure and social services.
He reaffirmed the commitment of the Lagos State Government to responsible fiscal management and inclusive economic growth.
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