Oyo govt targets unregistered hospitality businesses to boost tax revenue, security

The Oyo State government says its renewed drive to bring all hospitality businesses into the tax system aims to improve data collection and ensure proper coordination for security purposes.
The State Commissioner for Culture and Tourism Development, Wasiu Olatunbosun, stated this on Tuesday in Ibadan at the Tourism and Hospitality conference, organised by the ministry.
According to Mr Olatunbosun, most hospitality operators in the state are not registered, while those who are registered do not pay their dues regularly.
He said that this was significantly affecting revenue generation in the sector.
“The engagement we are having today is the first of a three-stage process.
“The stages are identification, cooperation and enforcement, which will commence next month,” Mr Olatunbosun said.
The commissioner urged all hospitality businesses to cooperate with the government and submit monthly figures of customers who patronise them.
He added that the data would help populate records at the Bureau of Statistics and aid security coordination across the state.
Mr Olatunbosun stressed that a properly documented hospitality sector would not only boost the state’s internally generated revenue (IGR) but also make it easier for security agencies to track movements and respond promptly to incidents.
The commissioner said the identification stage would involve profiling all facilities across the 33 local government areas, while the enforcement stage would target defaulters who fail to register or remit dues after the cooperation window.
Also speaking at the event, the lawmaker representing the Oyo East/Oyo West State Constituency, Rahman Olorunpoto, reiterated the state House of Assembly’s commitment to partner with the executive arm to build a secure, data-driven and business-friendly tourism sector.
He added that the assembly would provide the necessary legislative backing to ensure that tourism thrives while also protecting lives and property.
The interactive session drew hospitality stakeholders, including representatives from hotels, lounges, nightclubs, eateries and other related businesses.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Diaspora
Canada-based popular entrepreneur Maryam Muritala dies, Nigerian community mourns
Ms Muritala’s demise has drawn tributes from the Nigerian community in Canada and other groups.

Economy
Stock market gains N652 billion amid sustained buying interest
The gains were driven by NGX Group, Aradel Holdings, Sovereign Trust Insurance, Mc Nicholas, International Breweries and 29 other equities.

Economy
Okonjo-Iweala urges Niger Delta states to establish special economic zones
The WTO chief said the Niger Delta could become Nigeria’s next major industrial hub, alongside Lagos.

Health
Kano govt, partners target 16,000 women as new gender-based violence prevention project takes off
Ms Amina-Abdullahi said the project would address GBV and discrimination against women engaged in agriculture and other economic activities.

Heading 2
Over 300 South Korean workers to sue Trump administration over Georgia immigration raid
About 475 South Koreans were arrested during the raid executed by nearly 500 immigration agents.

Lagos
Lagos assembly passes 2026 appropriation amendment bill
The passage followed consideration of a letter from Governor Babajide Sanwo-Olu seeking the assembly’s approval to reorder priorities under the 2026 budget.





