Ex CBN Chief Tasks Kwara On IGR Profile

Date: 2017-05-25

Former Deputy Governor of the Central Bank of Nigeria (CBN), Sarah Alade has advised Kwara State to build its capacity for improved Internally Generated Revenue (IGR) profile, as a foil against continued reliance on allocations from the Federal Government.

Alade gave the advice yesterday in a lecture titled "Socio-Economic Development of Kwara State: An Agenda for the Future," which she delivered in Ilorin as part of activities marking the 50th anniversary of creation of Kwara State.

She said that the state could derive a lot of revenue through taxes, but should strive to empower the people to enable them to do so.

The former CBN chief, who noted that economic activities of Kwara State are dominated by operators of Small and Medium scale Enterprises (SMEs), urged the state government to empower the people to boost their businesses, and to create job opportunities for the unemployed, to encourage greater results in the enforcement of tax law.

"Let's create wealth so that individuals will have capacity to pay tax. Let us look into how we can empower our people to raise IGR, and reduce dependence on the federal allocation. We can make the state attractive to the private sector and make the sector to be the engine room of the economy," she said.

Alade, who described Kwara as one of the states with high rate of poverty in the country, with a greater number of its youths either unemployed or poorly employed, called on the Government to provide an enabling environment conducive for economic development.

She advised the government to review its education, agricultural, health and infrastructural policies to facilitate economic development of the state.

The former CBN boss, who noted that infrastructural development is concentrated at urban areas and more prominently in Ilorin, the state capital, advised the government to spread the facilities to rural areas to discourage migration of youths to the urban centres, and thereby encouraging agricultural development in the rural areas.

She noted that in the current academic year, while school enrolment increases in the urban centres, the reverse is the case in the rural areas and advised government to address the situation.

The state governor, Abdulfatah Ahmed said in order to encourage growth of the SMEs, the government would consider tax holiday for new enterprises for the first five years of their existence.

The governor explained that the government has not created any burden on the people of the state by introducing another tax but only being efficient in ensuring due payment of the existing ones by the people.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Aliyu Alhassan     Titus Suberu-Ajibola     Amusa Bello     First Lady     Saadu Yusuf     Abdullahi Atanda     Donatus Ejidike     Oloyede     Funke Adedoyin     Lateef Ademola Olatunji     Kayode Ibrahim     Bolaji Abdullahi     Sayomi     Ilorin West/Asa Federal Constituency     Esuwoye     Lasiele Alabi Yahaya     Mahmud Ajeigbe     T And K FOODS     AbdulRauf Keji     Belgore     Idowu Aremu     Tosho Yaqub     Lanre Issa-Onilu     Paul Olawoore     Adebara     Charcoal     Omoniyi     Akom Construction And Engineering Synergy Ltd     Jeunkunu-Malete-Bani     Countryside Emerging Leaders Fellowship     Muhammed Danjuma     Lafiagi     Idi-Ape     Makama Of Kaiama     Kwara State Governor     Okanlawon Musa     Smart School     Sabo-Oke     Ahmad Ali     College Of Arabic And Islamic Legal Studies     Rotimi Samuel Olujide     KWASIEC     Aro Yahaya     LAK Jimoh     Abdulkadir Bolakale Sakariyah     Government Girls’ Day Secondary School Pakata     Facemasks     Ejidongari     Olaitan Buraimoh     Senate Presidency     Tunji Ajanaku     JAMB     Zubair Folorunsho Erubu     Sai Kayi     Ahmed Saidu Rufai     George Innih     Obasanjo     Yomi Ogunsola     International Public Sector Accounting Standards     Amoyo     Park     COEASU     Harafat E. Mukadam     Ibrahim Abikan     Salman Suleiman     Khadijat Ayoola Yusuf     Yusuf Aiyedun     Ifelodun     Tayo Alao     Isiaka Rafiu Mope     Ibrahim Abduquadri Abikan     Opaleke Bukola Iyabo     Abdulrazaq Adebayo     Ophthalmological Society Of Nigeria     Kisra     Quran     Ramadan    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Atunwa     Mohammed Ghali Alaaya     Abdulrahman Iliasu     Post-utme     M.Y. Abdulrahaman     Standard Organization Of Nigeria     Dapo Teni Nig Enterprise     Eleja Taiwo Banu     Sunday Popo-Ola     IQRA College     Seun Bolaji     SUBEB     CACOVID Palliatives     CKNG     Orire     Adeniyi Ojo     Ilorin Talaka Parapo     Kassim Babamale     Yoonus Kola Olatinwo     Ayodele Olaosebikan     CACOVID     High Court     Hakeem Idris     Oloje     Jani Ibrahim     Elese Of Igbaja     Abdulrazaq Sanni     Bisi Oyeleke     Saba Mamman Daniel     Dele Momodu     Akeem Olatunji     Fulani     Saraki     Ibraheem Adeola Katibi     BECE     Suleiman Abubakar     Eghe Igbinehi     Joshua Adeyemi Adimula     Yusuf Babatunde Abdulwahab     Twitter     Yakubu Dogara     Radio Kwara     Abdulkadir Bolakale Sakariyah     Dauda Adesola     Kuliyan Geri     Sidikat Uthman Ajibola     Modibo Kawu     Esinrogunjo     Tafida Of Kaiama     Jimoh Akani     Idris Garba     Kayode Ogunlowo     Alabe     Olatinwo     TESCOM 2025     Michael Nzwekwe     Sheu Ndanusa Usman     Chartered Institute Of Personnel Management Of Nigeria     Mansurat Amuda-Kannike     Read With Me     Abiodun Jacob Ajiboye     Maigida Soludero Transit     Olohungbebe     Afolasade Opeyemi Kemi     Taofik Mustapha     Kazeem Oladepo     Hajj     Bashir Adigun     Isiaka Abdulrazak     Maja     Babatunde Ishola Babaita     Lanre Issa Onilu     Quranic Recitation Competition     Ajeigbe     Abdulmajeed Wahab     Muhammad Yahya     Toyin Saraki