Prince
Dayo Oyebanji, acting chairman, Osun
Internal Revenue Service, (OIRS), has noted that the dwindling economic
fortune of the state informed the domestication of the law.
Speaking
while launching the programme in Osogbo, Oyebanji said that the economic development
levy (EDL), introduced by the federal government last year permitted all the states across the federation to
increase their Internally Generated Revenue as part of efforts to find lasting
solution to the current economic meltdown.
He further stressed the need for the residents of the state to live up
to their civic responsibility through prompt payment of taxes and other
constitutional obligations as the compliance remains the only way to sustain
the government efforts at turning around the economy fortune of the state.
According to him, the levy is a charge introduced and permitted
by law to increase the number of revenues that are accruable to state
governments in order to meet certain obligations
Oyebanji further explained that the levy became imperative
following the current economic downturn which was actually caused by the
appalling fall in the prices of crude oil over the years.
He noted that, the Osun state under the leadership of governor Rauf Aregbesola has brought
unprecedented development to the state through the implementation of some
laudable projects since its inception.
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