Lagos Go Show Transparency For Procurement Under New Tax System

Lagos State Government don reaffirm say dem go dey transparent and accountable for how dem dey do procurement as dem don begin align with Nigeria Tax Act 2025. For 2025 Lagos State Public Procurement Summit wey hold on Wednesday for Adeyemi Bero Auditorium, Alausa, Ikeja, Commissioner for Finance and Chairman of Lagos State Public Procurement Agency Board, Abayomi Oluyomi, talk say di new tax framework go change how public institutions and vendors dey do business for state. Oluyomi yarn say di summit theme, “Understanding di Impact of di New Tax Law on the Procurement of Goods, Works, and Services,” show how Governor Babajide Sanwo-Olu administration dey push transparency, accountability, and efficiency for procurement process. E explain say di new tax law need better vendor due diligence, digital compliance through e-invoicing, and close work between procurement and finance departments for all ministries, departments, and agencies.

Oluyomi add say to sabi di reforms go help prevent procurement delay, improve contract pricing, and make public sector finance dey sustainable. Director-General of Lagos State Public Procurement Agency, Fatai Onafowote, yarn say di summit give stakeholders chance to sabi how new tax law go affect public procurement. E talk say, “Through digitalization of procurement, constant stakeholder engagement, and strict compliance, we dey build system wey dey promote integrity, efficiency, and competitiveness. Dis summit na step forward to align our procurement with tax and fiscal changes, make Lagos dey lead for governance and public financial management.” Chairman of House Committee on Procurement, Samuel Apata, promise say Lagos State House of Assembly go still support reforms wey go strengthen transparency and accountability. Forum of Directors-General of Public Procurement Agencies call for balanced tax reform implementation to avoid wahala for procurement processes. Taiwo Oyedele, Chairman of Presidential Fiscal Policy and Tax Reforms Committee, add last week say SMEs go pay less tax from January 2026 when di law start, and reforms dey people-centric, no be to stress Nigerians.