Peoples Democratic Party (PDP) candidate for the Lagos East Senatorial election, Babatunde Gbadamosi has opened up on his plans for Lagos State.

He said; “I will champion financial devolution because control of cooperate environment needs not be from Abuja.”

“For instance, Lagos State with about 24 million people contribute about 55 percent of VAT, which is taken to Abuja where it is been redistributed and at the end Lagos will get about two percent.”

“The ideal that all cooperate tax should be paid to Abuja does not make sense. What should happen is that each state should have their own company registry and take their own company tax.”

“The only tax that supposed to go to federal should be the companies listed on the stock exchange. That is how a federal system should be operating. These and many more I will be pushing for on the floor of Senate.”