Oyo State Agency for Revenue Reform and Growth

The Director-General of the Oyo State Agency for Revenue (OYSAA), Mr. Aremo Bolaji, has reiterated the agency’s commitment to implementing regulation reforms and increasing revenue growth in the state. This move is aimed at improving the state’s economy and providing better services to its citizens. The OYSAA has been working tirelessly to identify new revenue streams and block leakages in the existing system. The agency has also been engaging with stakeholders, including business owners and residents, to educate them on the importance of paying taxes and the benefits that come with it. The Director-General emphasized that the agency is committed to creating a conducive business environment that will attract investors and boost economic growth. He also stated that the agency is working to simplify the tax payment process, making it easier for citizens to pay their taxes. The OYSAA has introduced a new tax payment system that allows citizens to pay their taxes online, reducing the need for physical interactions and minimizing the risk of corruption. The agency has also established a tax helpline that provides support and answers questions from taxpayers. Furthermore, the OYSAA has launched a tax awareness campaign to educate citizens on the importance of tax payment and the role it plays in the development of the state. The campaign includes radio and television advertisements, as well as social media promotions. The agency has also partnered with local businesses and organizations to promote tax compliance and provide incentives for taxpayers. The Director-General noted that the agency is committed to transparency and accountability, and will ensure that all revenue generated is used for the development of the state. He also stated that the agency will continue to work with the state government to identify areas where revenue can be increased and implement policies that will promote economic growth. The OYSAA has set a target to increase revenue generation by 20% in the next fiscal year, and is working to achieve this goal through the implementation of its regulation reforms and revenue growth strategies. The agency is also exploring new revenue streams, including the introduction of a new tax on luxury goods and services. The Director-General emphasized that the agency is committed to creating a fair and equitable tax system that will benefit all citizens, regardless of their income level or social status. Overall, the OYSAA is working to create a robust and efficient revenue generation system that will support the development of Oyo State and improve the lives of its citizens.

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