Oyo State Governor, Seyi Makinde, has declined to assent to the recently passed Presumptive Tax Bill, expressing concerns over its potential impact on residents amid current economic struggles. He stated that his priority is to fight poverty, not target the poor, and warned that implementing the bill could worsen the hardships of underprivileged citizens.

Governor Makinde emphasized the importance of initiatives that put money in people’s pockets, rather than policies that take it away. His decision was announced during the flag-off of the Samuel Akintola Airport upgrade to international standards, where he also indefinitely postponed the bill’s implementation.

Despite commending the State House of Assembly for its efforts to boost Internally Generated Revenue (IGR), Governor Makinde stood firm in his refusal. The bill, passed by the House of Assembly, sought to impose taxes on small-scale businesses and individuals with unverifiable incomes, such as barbers, mechanics, gas refillers, and fruit sellers. Specific tax rates ranged from ₦500 to ₦50,000, depending on the business category.

The law also included penalties for non-payment and incentives for those who maintained up-to-date financial records. However, Governor Makinde’s refusal to sign the bill underscores his administration’s commitment to policies that support citizens during challenging economic times.