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.

Dorcas Afeniforo     Umar Sanda Yusuf     Ballah     Habeeb Abdullahi Al-Ilory     RTEAN     Chartered Institute Of Personnel Management Of Nigeria     Press Release     Gobir     Jelili Yusuf     Yoonus Kola Olatinwo     Haleeman Salman     Okeose Christian Cementary     NTA Ilorin     Lawal Arinola Kudirat     Tunde Akanbi     Eleja     Hajj     Biliaminu Aliu     Sardauna     Tunde Yusuf     Muyiwa Oladipo Kanu     Sa\'adu Salau     Gobirawa     Jamila Bio Ibrahim     Al-Hikmah University     Yunus Oniboki     Habeeb Saidu     Umar Bayo Abdulwahab     Fareedah Dankaka     Funmi Salau     Chief Of Staff     John Olobayo     TETFUND     Abdulraheem Olesin     Centre For Community Empowerment And Poverty Eradication     Funmilayo Zubair     Saka Asiat Ayinke     Isaac Gbenle     National Association Of Nigerian Students     Abdulrazaq Sanni     Olabode George Towoju     National Information Technology Development Agency     Babs Iwarere     High Court     Ali Ahmad     Olam Food Ingredients     Femi Ogunsola     Nagode     Aminu Ado Bayero     Yusuf Amuda Gobir     Lukman Adeloyin     Rafiu Ajakaye     Abraysports FC     Fulani     Samuel Olusegun Adedayo     Ebola     Abdulfatai Ahmed     Abdulsalam A. Yusuf     Awwal Jawondo     Oba Sulaiman Asude     Olaoye B. Felix     Ahmad Belgore     Benin Republic     Aro Yahaya     MMWG     Kwara Muslim Pilgrims Welfare Board     MATTA Girls Foundation     Bayo Mohammed Onimode     Tunde Mukaila Mustapha     General Hospital, Offa     Micheal Imodu-Ganmo Road     Jebba     Abdulrazaq Solihudeen     Fatai Olodo     Idris Garba     Yusuf Abdulraheem     Valsolar-Kwara Company Limited    

Cloud Tag: What's trending

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

Abdulkadir Akanbi-Oke     Manzuma     Omoniyi     Salmon Babatunde Salmon     Ayinde Oki     Forgo Battery     Zainab Abass     Bamidele Adegoke Oladimeji     Khairat Gwadabe     Olushola Saraki     Kunbi Titiloye     IFK     Usman Rifun     Post-utme     Muslim Media Watch Group Of Nigeria     Sunday Popo-Ola     Tanke     Oyun     Yusuf Zulu-Gambari     Ibrahim Abdulkadir Abikan     Kulende-UITH     Iyabo Dupe Adekeye     Abdulganiyu Oladosu     Baruten     Iyaloja-General     Local Government     Congress For National Consensus     Abdulrazaq Magaji     Modibo Kawu     SSA Youth Engagement     Adeniyi Ojo     Kwara North     Umar Adelodun     Ilorin Airport     Iqra Books     Umar Danladi Shero     Kwara Muslim Pilgrims Welfare Board     Tosin Saraki     Kwara State Television     Umar Bayo Abdulwahab     Abdulrasheed Akogun     Elerin Of Adanla Irese     Saduki Lafiagi     Ayo Salami     Hajj     Democracy Day     Toyin Saraki     Adesoye College     Abdullahi Imam Abdullahi     Oni Adebayo     Sadiq Buhari     Ilesha-Gwanara     Shehu Adaramaja     Abdullahi Saadudeen Alikinla     CUTI     Doyin Awoyale     Abubakar Abdulraheem     First Lady     Saudat Abdulbaqi     Volunteers Of Ilorin Community And The Emirate     Unicontinental Construction Company     Bello Bature     CACOVID     New Model Police Station     Folorunsho Erubu     Seed Technologies     Temi Kolawole     Sango-UITH Road     Owo Isowo     Olayinka Oladapo Jogunola     Mohammed Kamaludeen     Oloye     Abdulfatai Baakini     Ohoro Of Shao     Orisun Igbomina     Ishola Moses Abiodun     Yahaya Jibril Usman