Governor Babajide Sanwo-Olu of Lagos State has expressed support for the federal government’s tax reform, stating that the state’s position is “extremely comfortable.”

The governor disclosed this on Wednesday during an interview with the News Agency of Nigeria (NAN) on the sidelines of the Africa Investment Forum, Market Days 2024, in Rabat, Morocco.

Sanwo-Olu emphasised the need for reforms despite resistance from certain quarters.

“What those uncomfortable with the tax reform are not willing to accept is that there is no way of making an omelette without breaking the egg.

“All of us will play better, and we’ll be able to discipline ourselves more. One of the things that you will see is that you need to work harder for you to get the full benefit of the reform. So it’s not just an easy kill,” he said.

The governor added that if the changes were not made, greater opportunities were inherent in the states of the federation as well as non-governmental actors.

According to him, Lagos State, indeed, will lose here and there, but will also have a bigger opportunity to have a bigger role to play.

“I have a positive attitude to it. I see it as a very wonderful reform.

“Tax-to-GDP ratio in Nigeria is one of the lowest in the world.

“So, there are a few things that need to happen, and like I keep saying, not only when you make those changes, you will not be able to see the opportunities that are found in your account.

“The intention is to better a lot, but not just better a lot of one person or one set of people. It’s for all of us, and so we should look at it this way,” he said.

Sanwo-Olu, who is in Morocco alongside some of his governor colleagues to woo investors at the Africa Investment Forum, said he had been engaging them in discussions on the reform.

I think there have just been some misgivings on lack of understanding, but I think it’s a good thing,” he said.