HomeNEWSSanwo-Olu pledges tax break, financial supports for business owners

Sanwo-Olu pledges tax break, financial supports for business owners

Lagos Governor, Babajide Sanwo-Olu, has said his administration was considering tax break and financial supports for business owners affected during the #EndSARS protests.

The governor disclosed this  during his  condolence visit and meeting with tenants and shop owners at Circle Mall in Lekki, yesterday.

On Wednesday October 21, some hoodlums looted and destroyed property worth billions of naira at various shopping malls and also set their building ablaze.

Governor Sanwo-Olu said government would not leave the people to bear their pains alone as he promised to assist them in returning back to their respective businesses.

The governor said government would give all business owners in the burnt mall tax break of PAYE and also appealed to Federal Government to ensure they get tax relief through the Federal Internal Revenue Services (FIRS).

The governor said the state government would give victims of the mall financial supports, which would be in form of grants or loand to cushion the effect of the looting and destruction of their shops and stores.

Governor Sanwo-Olu explained that the grant would be in form of government giving financial support to the victims, which they were not expected to pay back while lending support would be in form of loans, adding that he was already discussing with some financial institutions to assist with zero interest loan.

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