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Lagos candidate undettered by global oil problems

2015-01-16 10:06
(File) ~ Shutterstock []

Lagos - Lagos governorship election hopeful, Akinwunmi Ambode, is confident of shielding the area from the turmoil characterising the global oil industry if elected into power during the upcoming poll.

He said his administration would cope with the harsh economic realities occasioned by the problems in the international oil market likely to stem strong headwinds against the economies of oil dependent countries.

Speaking in Ikeja, Ambode said he had worked closely with the administration of outgoing premier, Babatunde Raji Fashola in fashioning pragmatic economic programmes that had seen the internally generated revenue profile of Lagos grow.

Also Read: Reps to probe alleged oil theft by international companies

Revenues had grown reasonably to a level that the state could sustain its enviable strides in delivery of dividends of democracy and development to Lagosians irrespective of what the global oil market throws at Nigeria.

“Our efforts would be to convince the 4 million taxable Lagosians that are not currently in the tax system. Lagos State has 8 million taxable adults who should be in tax system," said Ambode.

"The efforts that my administration would make would be to convince those who are not currently paying taxes to start doing so to boost internally generated revenue.”

- CAJ News
Read more on: lagos state  |  oil

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