Vice President, Prof Yemi Osinbajo has admonished State governors to think out of the box to grow their economy and boost their Internally Generated Revenue (IGR).
He gave the admonition on Thursday while he spoke at the maiden Ekiti Economic and Investment Summit tagged: “Fountain Summit 2021” in Ado-Ekiti. It was part of activities marking the third anniversary of the Governor Kayode Fayemi’s administration.
He asked the governors to focus their investments in areas where they have comparative advantages rather than waiting for monthly handouts from the Federation Account.
He, however, cautioned against double taxation so as not to discourage investors.
The vice president said: “The attractiveness of investments to any state should be radical, because that is the revenue hub and determinant of how happy the people of any state will be in terms of economic development in relation to their standard of living.
“But, while trying to grow investments, we must be cautious about multiple taxation; it weighs down businesses.
