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.

Oluronke Adeyemi     Folajimi Aleshinloye     Tsaragi     Ijagbo Health Centre     Iyabo Dupe Adekeye     Mujtabah Bature     Ibraheem Adeola Katibi     Isiaka AbdulRazaq     COVID-19 Palliatives     Oju Ekun Sarumi     Dan Iya Of Ilorin     Abdulahi Abubakar Bata     Police Commissioner     Frootify     Kwara Teaching Service Commission     Suleiman Abubakar     Afonja     Oba Abdulrahim     Salman Jawondo     Obayomi Azeez     Alfa Modibo Belgore     Ilorin Descendants Progressive Union     Islamic Development Bank     Ibrahim Mashood     Ilorin South     Bank Of Industry     Vasolar Consortium     Esuwoye     Damilola Yusuf     Sulyman Abdulkareem     Bola Olukoju     Abdulkarim Adisa     Yakubu Danladi     Olatinwo     Oba David Oyerinola Adedunmoye     Yusuf Lawal     IFK     Yoonus Kola Olatinwo     Kayode Ibrahim     Kayode Bankole     Bello Taoheed Abubakar     Tunde Akanbi     Tanke Road     Halidu Danbaba     Oke-Oyi     Najim Yaasin     QuickWin     ENetSuD     Twitter     Kwara Polytechnic     School Of Nursing     Ibrahim Taiwo     Damilola Yusuf Adelodun     Arinola Lawal     CCEPE     All Confederation Of Principals Of Secondary Schools     Ariyo     Bola Sagaya     Offa     Umaru Saro     Olatunji Ibrahim     Abdulfatai Baakini     Shagari     Kamaldeen Gambari     Abdulkadir Akanbi-Oke     The Herald     Suleiman Ajadi     NIPOGA     Razak Atunwa     Lawal Arinola Kudirat     Olaiya Victor Mobolaji     Muhammad Mustapha Suleiman     Ekiti     Ileloke     Segun Ogunsola     Oni Adebayo     Oba Abdulraheem    

Cloud Tag: What's trending

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

Bayo Lawal     Tanke     Ilorin Likeminds Foundation     Okasanmi Ajayi     Alfa Yahaya Road     Laboratory-to-Product     National Information Technology Development Agency     Tunde Kazeem     Oladimeji Thompson     ASUU     AbdulQowiy Olododo     Michael Nzwekwe     Baba Adini Of Kwara State     Galadima     Nigeria Governors\' Forum     Wahab Femi Agbaje     Toyin Saraki     Mogaji Aare     Halidu Danbaba     Tafida Of Ilorin     Aisha Ahman Pategi     Dauda Adeniran Adeshola     Ahman Patigi     Chief Of Staff     Abdulrasheed Na\'Allah     Alapado     Aisha Ahman-Pategi     Sidikat Alaya     Okiki     Popo-Igbonna     Niyi Ogundiran     Olokoba Abdullahi Ayinla     Iyabo Adewuyi     Babaloja-General     Shehu Jimoh     Obuh     March 28     Yoonus Lawal     Magaji Are     Kwara Teaching Service Commission     Yusuf Abdulkadir     Olatunde Michaels     Kwara University Of Education     Salman Jawondo     Nigeria Foundation For Artificial Intelligence     Alimi Abdulrazaq     Amusement Park     Alabi Lawal     Pakata     Olabimpe Olani     Post Utme     Abdullateef Abdussalam     Clement Yomi Adeboye     Simeon Sayomi     Mohammed Lawal     Agbarere     Olam Food Ingredients     Damilola Yusuf Adelodun     Pius Abioje     Lasiele Alabi Yahaya     Hikmah AbdulKareem     Aliyu Sabi     SSUCOEN     Naira Redesign     Vasolar     Bola Sagaya     Ganiyu Abolarin     Kola Ologbondiyan     Sadiq Umar     Kwara State Television     Ophthalmological Society Of Nigeria     Ilorin Curfew     Goodluck Jonathan     Ajibike Katibi     Press Release     Aliyu Adebayo     Principal Private Secretary