Oyo state government targets hospitality sector to fund budget

In its bid to increase its Internally Generated Revenue and fund the 2018 budget, the Oyo State Government said it had set up machinery to deal with owners of hospitality businesses in the state that refused to pay their taxes. The state Commissioner for Information, Culture and Tourism, Toye Arulogun, who said this during a meeting with stakeholders in the tourism and hospitality sector in Ibadan, clarified that the government was not out to strangulate business activities in the industry but to ensure compliance with tax laws.

He therefore appealed to business owners in the sector to pay their dues and taxes to the government. Arulogun stated that government officials, in conjunction with members of the hospitality sector and necessary stakeholders, would soon embark on monitoring exercise to ensure compliance of tax payment. The President, Hoteliers Association of Oyo State, Jerome Adoroh, who was at the meeting, appealed to business owners in the sector to register with the state government, hoteliers association as well as relevant bodies.