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.

Yomi Ogunsola     Abiodun Oyedepo     Mazars Consulting     Kulende-UITH     ASUU     Umar Sanda Yusuf     Share-Tsaragi     Moshood Kashimawo Abiola     Abdulrahman Iliasu     Special Adviser On Digital Innovation     Salami Adekunle     TVC Female National Debate     Gabriel Fashanu     Post Utme     Kazeem Adekanye     Bola Iyabo Ibiyeye Adisa     Yusuf Abdulwahab     Labaeka     Revenue Court     Saraki     Irepodun     Arinola Lawal     Sulyman Atolagbe Alege     Nigerian Medical Association     Ramat Oganija     Hydro-electric Power Producing Areas Development Commission     Reuben Paraje     ASKOMP     Innocent Okoye     Kayode Oyin Zubair     Ilorin West/Asa Federal Constituency     Oloriegbe     Muhammad Sirajo Aliyu     Saka Keji     QuickWin     Olaitan Adefila     Code Of Conduct Bureau     Owo Arugbo     Adamu B. Yaqubu     Yahaya Oloriegbe     Aliyu Kora Sabi     CKNG     Emmanuel Olatunji Adesoye     Umaru Saro     Adesoye     Young Progressives Party     Ilorin.Info     Kassim Babamale     Abdulazeez Uthman     Eghe Igbinehi     Shero     Jare Olatundun     Muhammed Mahe Abdulkadir     Ibrahim Taiwo     Kayode Yusuf     Ojuekun     Sarafadeen Kayode Akorede     Ogbondoroko     Yakubu Shaaba     Yakubu Mohammed Abdullahi     Code Of Conduct     Olusin Of Ijara Isin     Aliyu Adebayo     Jebba     Dele Momodu     Women Radio     Salihu Alhaji Musa     Sherif Shagaya     Oniye     Elelu     Tinubu     Kaiama     Baboko Primary School     Abubakar Aliagan     Alao Ayotunde     Olukotun Of Ikotun     Junior Secondary School Certificate Examinations    

Cloud Tag: What's trending

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

Afolayan     Toyin Olayinka Tejidini     Elewu     Ilorin Descendants Progressive Union     Ekiti     AbdulRahman Saad     Ishaq Oloyede     Salmon Babatunde Salmon     Risikat Lawal     Isapa     Yusuf Abdulraheem     Lawal Jimoh     Saidu Isa     Jimoh Akani     Muhammed Mahe Abdulkadir     Oyin-Zubair     Al-Hikmah University     Adeniyi Ojo     JMK Construction Company Limited     Salman Jawondo     Al-Adaby     NITDA     Mahfouz Adedimeji     Tsaragi/Share     Kwara State Football Association     Raymond Olaitan     Suleiman Rotimi Iliasu     KWASEIC     Mohammed Alabi Lawal     Haruna Tambiri Mohammed     Ridhwanullah Al-Ilory     Jimoh Bashir     Bayo Ajia     GGDSS Pakata     Ahman Patigi     Alaaya     Amosa     SSUCOEN     Omoniyi M. Ayinla     Asiwaju Bola Tinubu     Taofeek Ibraheem     Doyin Agbamu     Turaki     Zulkifli Ibraheem     Ibrahim Mashood     Abdullateef Abdussalam     Ishola Abdullahi     Bello Abubakar     Universal Basic Education Commission     Association Of Kwara State Online Media Practitioners     Isiaka Yusuf     AGM Professional Services     Bolakale Saka     QuickWin     Kayode Ibrahim     Esuwoye     Saeedat Aliyu     FOMWAN     Pilgrims Board     UITH     Photo News     Kayode Alabi     David Adesina     Kale Bayero     Inside Kwara     Eghe Igbinehi     Saad Omo\'ya     Arinola Lawal     Abdulfatai Salman Baakini     KFA     Damilola Yusuf     Valsolar-Kwara Company Limited     Femi Gbajabiamila     Mohammed Yisa     GRA     Pakata Patriots     Ilorin International Airport