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Ahmed Declares Tax Holiday For Investors Support

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Leadership Nigeria News Today

By Abdullahi Olesin, Ilorin
The Kwara State governor, Alhaji Abdulfatah Ahmed  yesterday announced a tax holidays for new business outfits and investors coming into the state to encourage the growth of their businesses.
He, however, clarified that existing business outfits would have to continue the  payment of their taxes while assuring that goernment will continue to provide enabling environment for buisinesses to grow.
The governor made declaration just as the former deputy governor,Central Bank of Nigeria,Dr Sarah Alade  said Kwara state has the lowest unemployment rate of 85 per cent among the 36 states in the country.
She urged  the state government to come up with an economic blueprint that will turn around the  future of the state in the next 50 years.
Both governor Ahmed and the CBN deputy governor spoke at a lecture to mark the 50 years anniversary of the state, held in Ilorin, the capital.
Alade had  in her paper etitled  “Socio-economic Development of Kwara State: An Agenda For the Futture” stated that taxation topped the list of” 26 most problematic” factors preventing people from doing buiseness in kwara.
The economic expert said the factors were generated from Survey conducted on 325 companies in the state .
While hihlihting the potentials of the state, Alade said the state has largest Small and Medium Scale Enterprises (SMEs )that should be leverage on to turn around the ecnomic future of the state in next 50 years.
She, however, called on the state government to address what she called “lopsided infrastructure development in Kwara central”,charging the state to disper inftacstructure to rural areas to reduce pressure on the centre.



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