Hotels, Restaurants in Ogun to pay tax for food sold

Ogun state governor, Ibikunle Amosun
Ogun state governor, Ibikunle Amosun

Two bills related to revenue generation was passed by by the Ogun State parliament.

 

Hotels, restaurants, and eateries in Ogun State will now pay tax to the state government for food and other goods they sell to consumers and other services rendered. This is based on a new law passed by the Ogun State House of Assembly.

The Assembly passed the Hotel Occupancy and Restaurant Consumption Tax Law, which empowers relevant government agencies to collect taxes on goods and services at eateries, hotels as well as restaurants.

The legislators also passed the Ogun State Notes and Others Securities issuance Law, 2012, empowering the state Government to raise loans, and other financial instruments.

Speaking on the bills on Wednesday,  Chairman, House Committee on Finance and Appropriation, Bankole Akanbi, representing Ado –Odo/Ota 2 State Constituency said that the Hotel law will enable the state generate more revenue. He said with more money in the purse of Government, more developmental projects would be embarked upon, thus spreading the dividends of democracy to every corner of the State.

Also contributing, the Majority Leader, Israel Jolaoso, from Ewekoro State Constituency said the loan bill stipulated that before any request by the executive arm to obtain loans could be granted, two-thirds of members must give their nod.  He said this is meant to ensure that the lawmakers play a major role in the bills

Also speaking in support of the bills, Joseph Adegbesan, representing Ijebu North 2 State Constituency lauded members of the committee on Finance and Appropriation for accommodating all shades of opinion and inputs of stakeholders during a public hearing held on the bills last month.

The Minority Leader, Job Akintan from Yewa North 2 State Constituency, noted that the executive arm of government meant well for the citizens of the State, saying that he supports the passage of the bills to enable the State Government execute developmental projects.

The Speaker, Suraj Adekunbi, ordered that clean copies of the two bills be forwarded to the Governor, Ibikunle Amosun, for his assent.