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Lagos State government, on Tuesday, announced the introduction of a Consolidated Informal Transport Sector Levy of N800 daily to be paid by each bus driver, saying the initiative, which is to take effect from 1st of February, was to harmonise the taxes paid by transporters to the state government.
The new development, which will witness each bus driver paying N800 daily totalling not less than N288,000 annually to the covers of the state government, is being introduced on the heels of research carried out by an independent body in 2021, revealing that Lagos generated not less than N125bn annually from the collection of levies from the transport sector.
The State Commissioner for Finance, Dr Rabiu Olowo, who spoke at a press conference, which took place at Bagauda Press Centre, Alausa, Ikeja, and attended by stakeholders in the transport sector, said with the payment of the levy, each transporter would be entitled to a tax card daily to have a hitch-free exercise.
This was just as he described the development as a remarkable achievement happening for the first time in the state.
Those in attendance include the Special Adviser (SA) to the State Governor on Transportation, Mr Toyin Fayinka; Chairman and Secretary of Conference of 57, Mr David Kolade and Mr Razaq Ajala respectively.
Others are; Chairman, Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair; Managing Director, Lagos State Waste Management Authority (LAWMA), Mr Ibrahim Odumboni; Chairman, Lagos chapter of National Union of Road Transport Workers (NURTW), Alhaji Musiliu Akinsanya popularly called MC Oluomo, among others.
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