The Southwest Governors’ Forum has stated that ongoing negotiations between the Nigerian government and organized labour regarding the minimum wage should reflect the principles of fiscal federalism.
The governors, however, expressed their support for any outcomes from the negotiations.
Following a meeting held on Monday at the Lagos House, Alausa, Ikeja, Governor Babajide Sanwo-Olu of Lagos State, who was elected as the new chairman of the forum, made the announcement.
His words: “After the conclusion of our South West Governors’ Forum meeting today at Lagos House Alausa, Ikeja, I was elected as the new chairman of the forum.
“We stand united in supporting ongoing discussions on the minimum wage with an expectation of fair outcomes that reflect fiscal federalism.
“We endorse the Federal Government’s efforts on mineral resources and urge increased collaboration with states in granting leases to investors.
“We have agreed to bolster the efficiency of the DAWN Commission, with a focus on economic integration. These decisions and more are aimed at advancing the development and prosperity of our South West states.”
Meanwhile, Governor Sanwo-Olu has stressed the critical importance of a strong tax system in addressing Nigeria’s economic challenges and fostering sustainable growth.
Speaking at the 26th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria (CITN), held at the Abuja Chamber of Commerce, International Trade, and Convention Centre, Governor Sanwo-Olu called for a shift in perspective, urging taxpayers to view tax payments not as a burden but as an investment in Nigeria’s future.
He reiterated the need for taxpayers to see that their contributions are utilized effectively for public services and infrastructural development.
