Lagos Govt set to tax social media influencers, online content creators

Lagos Govt set to tax social media influencers, online content creators

The Lagos State Film and Video Censors Board (LSFVCB) on Wednesday, August 12, announced a one-month ultimatum to content producers over taxation of their contents.

This was contained in a statement issued by the Executive Secretary, Bamidele Balogun, spoke while unveiling a Performing Musicians Employers Association (PMAN) project on revenue generation for entertainers in Lagos.

He advised practitioners involved in production, sale, distribution of audio and visual products “to register through the board’s authorized agent within 30 days.”

Henceforth, all audio and visual contents produced and sold within the state shall attract the payment of five percent levy on each item”, Balogun declared.

The official warned that violators of the registration would face severe sanctions.

He appealed to stakeholders in the entertainment sector to comply with its directive.

Meanwhile, the Lagos State chapter of the Peoples Democratic Party (PDP), on Wednesday, August 12; warned Governor Babajide Sanwo-Olu against spending state funds on the upcoming governorship elections in Ondo and Edo states.

This was contained in a press statement by the Lagos PDP’s spokesperson, Gani Taofik; titled ‘Resist wasting Lagos funds on Ondo” imploring Sanwo-Olu to be frugal with state resources.

In the statement, the party raised an alarm; that there would “most likely be a diversion of Lagos funds into the APC Ondo state governorship contest”.

The PDP further alleged that the APC made Sanwo-Olu the chairman of its campaign council in a bid to finance the election.

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The statement reads, “The selection of Sanwo-Olu as Head of the APC Ondo State Governorship campaign council cannot be for his political experience; but because the APC intends to use Lagos funds to run the Ondo elections.

“The party urge the Lagos State Commissioner for Finance and the Accountant General to prepare for accountability within this period of Edo and Ondo elections.

“We will invite EFCC and also support the legal protest against this selection targeted at diverting Lagos taxes in the face of colossal infrastructure inadequacies begging for attention in the state.”

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