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.

Kwasu     Lanre Jimoh     Saka Onimago     Aliyu Muyideen     Elewu     Bashiru Makama     Ilorin West     Kunle Akogun     Aliyu Sabi     Babaloja-General     Kola Bukoye     Roheemat Hammed     Orisa Bridge     Mukhtar Shagaya     Cornelius Adebayo     Student Learning Support Helpline     Ilorin Muslim Community     2023 Elections     Yusuf Amuda Abubakar     Abdulganiyu AbdulAzeez     Elerinjare     Issa Baba     Bamidele Adegoke     Oniwa     Kwara Coalition Of Business And Professional Associations     Tunde Idiagbon Road     Okanlawon Taiwo     Mohammed Abduraheem     Samuel Olusegun Adedayo     Yusuf Abubakar     Sarah Jubril     Olaoye B. Felix     Isapa     Joseph Bamigboye     Abdulrasheed Akogun     Ministry Of Women Affairs And Social Development     Salami Adekunle     Hijab     Afolabi-Oshatimehin Adenike Harriet     Salman Suleiman     Ibrahim Taiwo     Okoolowo     Adekunle David Dunmade     Muslim Cementary     Alaro     Edu     TIIDELab     Shola Odetundun     Abdulrazaq Akorede     Mohammed Katsina Ahmed     Ogidi-Oloje     Makama Of Ilorin     Twitter     IDPU     Ajasse-Ipo     Ilorin Anchor Men And Women     Adesina Simon Sodiya     Oni Adebayo     Idofin     Bola Ahmed Tinubu     Yunus Lawal     Owu Fall     Freshvine Nigeria Limited     Kumbi Titilope     Ayedun     Isiaka Danmeromu     Ghali Muhammed     Students Union Government     Hameed Oladipupo Ali     Apado     Christopher Odetunde     Oko     Alfa Yahaya Road     Local Government     Kwara University Of Education     Shaaba Lafiagi     Mohammed Haruna    

Cloud Tag: What's trending

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

Muhammad Ghali Alaaya     Saka Abimbola Isau     COEASU     Alagbado     HAMFAT Clinic And Maternity     Anilelerin     Ayinde Oki     Code Of Conduct Bureau     Alaaya     Abdulrauf Yusuf     Aliyu Olatunji Ajanaku     Muyideen Ajani Bello     Baba Isale     Ajibola Ademola Julius     Hamidu Olowo     Ayinke Saka     COVID     Afonja     Jimoh Bashir     Abdulrahman Onikijipa     Akom Construction And Engineering Synergy Ltd     Hussein Olokooba     Funmi Salau     Ajike People Support Centre     Okin Biscuit     Segun Adeniyi     Sheikh Ridhwanullah El-ilory     Okin Biscuits     Jalala     KWSUED     Ayo Salami     Haruna Olawale Sulaiman     Aminat Ahmed     Senate     Senior Ibrahim Suleiman     Funmilayo Mohammed     Amasa     Fatimoh Lawal     KwaraLearn     Moronfoye     Otunba Taiwo Joseph     Federal Allocation     A.G.F Abdulrasaq     IF-K     Cornelius Adebayo     Maryam A. Garuba     Yomi Ogunsola     Bursary     Maryam Ado Bayero     Busari Toyin Isiaka     Olokoba Sulyman     Saba Mamman Daniel     Mohammed Saidu     Neo Mundo Ltd     Pius Abioje     Saka Isau     Prince Bola Ajibola     Mansurat Amuda-Kannike     Isiaka Danmeromu     Kwara Liberation Group     Medview Airlines     Adolescent Girls Initiative For Learning And Empowerment     Agbarigidoma     Lotus Bank     NULGE     Nigerian Medical Association     Women For Change And Development Initiative     Government House     Iqra Books     Dumagi     Aro Yahaya     Lanre Olosunde     Orire     Baboko     Opolo Global Innovation Limited     FOMWAN     Kisira