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.

Ojo Fadumila     Yemi Sanni     Twitter     Emir Of Lafiagi     Waheed Ibrahim     Oluwarotimi Boluwatife Adenike     Frootify     UNIFEMGA     Olatunde Michaels     Alabi Lawal     CACOVID Palliatives     Shuaibu Yaman Abdullahi     Sidikat Alaya     Raji Ayodele Kamaldeen     Ayo Salami     Yinka Aluko     Umar Danladi Shero     Ilorin Amusement Park     Kwara 2019     Anilelerin     Akeem Lawal     Alikinla     SWAN     Egbejila     Onilorin Of Ilorin     Maryam Ado Bayero     Oke-Oyi     Bayo Ojo     Oniyangi Kunle Sulaiman     Babajide Ajayi     Saadu Alanamu     Ibrahim Abdulkadir Abikan     Tunji Olawuyi     Salihu Ajia     KWSIEC     Nigerian Correctional Service     Dumagi     Titus Suberu-Ajibola     Muslim Stakeholders Of Kwara State     COVID     Muyideen Ajani Bello     Stephen Fasakin     Alabi Olayemi Abdulrazak     Balogun Ajikobi     Abdulkarim Adisa     Oloje     2023 Elections     IDPU     Wahab Isa     Oba David Oyerinola Adedunmoye     Haashim Initiative For Community Advancement     Shaykh Luqman Jimoh     Ajasse-Ipo     Third Estate     Association Of Kwara State Online Media Practitioners     YAKOOYO     Salmon Babatunde Salmon     SUBEB     International Aviation College     Idowu Aremu     Jaigbade Alao     Abdulfatai Ahmed     Okanlawon Taiwo     Olusegun Adeniyi     Valsolar Consultoria     Yahya Mohammed     Government Girls’ Day Secondary School Pakata     Belgore     Gani Saadu     Amuda Bembe     Government High School Adeta     Olabode Towoju     Ridhwanullah Al-Ilory     Babs Iwarere     Abdulmumini Jawondo     Jumoke F. Ajao     Folorunsho Erubu    

Cloud Tag: What's trending

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

Haliru Dantoro     Tunji Ajanaku     Omoniyi     KWASEIC     Toyin Olayinka Tejidini     Doyin Awoyale     Sayomi     Lithium Deposit     Ojuekun     Damilola Yusuf Adelodun     Offa Metropolitan Club     Ado Bayero     Jimba Babatunde     IHS Towers     Sobi     Abubakar B.M     Ghali Muhammed     Abdulkadir Bolakale Sakariyah     Okala Baba     Yusuf Aiyedun     Tafida Of Kaiama     Facemasks     Shoprite     Ahman Pategi University     KWSIEC     Valsolar     Yusuf A. Usman     Atiku Abubakar     Ibrahim Labaika     Yusuf Abdulraheem     Rasheed Jimoh     Mutawalle     JUSUN     Mohammed Jimoh Faworaja     March 18     UNIFEMGA     Eleyele     Ilorin Muslim Community     Lukman Adeloyin     Moji Makanjuola     Aliyu Kora-Sabi     Ibrahim Issa Jetti     Sheriff Olanrewaju     Dasuki Belgore     GGDSS Pakata     Abdul Jimoh Mohammed     SWAN     KWTV     Ndama Al-hassan     Abdullateef Abdussalam     Maryam A. Garuba     Yahaya Abdulkareem     Manzuma     Olatunde Oyeyiola     Muftau Akanbi Oke     Oluwarotimi Boluwatife Adenike     Harmony Holdings     All Peoples Party     Ariyo     Okin High School     Tunde Yusuf     Jimoh Lambe Abdulkareem     Wahab Kunle Shittu     NFAI     Ilorin Emirate     Onilorin     Islamiya Abdulraheem     Abubakar Baba     Kwara Politics     Bursary     Nurudeen Muhammed     Mufti Of Ilorin     Zulu Gambari     Jaigbade Alao     Isiaka Rafiu Mope     Pakata Patriots     Fatai Garuba Labaka