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.

Saba Jibril     Musa Alhassan Buge     Yoruba     Gaa Olobi     Musibau Akanji     Deji Ajani     Yahaya Dumoye     Olaiya Victor Mobolaji     Abdulmajeed Abdullahi     Aliyu Muyideen     Mustapha Olanipekun     Sheriff Shagaya     Ibrahim Abduquadri Abikan     Post Utme     Bukola Saraki     Michael Nzwekwe     Kwara State Polytechnic     Mahmud Ayinla Giwa     Bond     Afonja     Ibrahim Oniye     Ganiyu Taofiq     Kayode Ogunlowo     Mahe Abdulkadir     Adegoke Bamidele     Taofeek Ibraheem     UNILORIN Alumni     Idris Garba     Kehinde Boyede     Kunbi Titiloye     Omotoso     Toyosi Thomas     Babata     Baba-Isale     Olaitan Adefila     Yahaya Seriki Gambari     Joseph Offorjama     Mutawali Of Ilorin     Lukman Oyebanji Fagbemi     Ganmo     Abdulhakeem Adelaja Amao     Kwara-SAPZ Project     Congress For National Consensus     Alabi Lawal     Damilola Yusuf     Ahmed Ayinla Jimoh     Cassava Growers\' Association     AbdulHamid Adi     Bello John Olanrewaju     Lanre Aremu     Barakat Community Secondary School     Ridhwanullah Al-Ilory     Femi Ogunsola     Trader Moni     Trade Lenda SME Fair     Abdulganiyu Oladosu     Abdulfatai Salman Baakini     Olokoba     Muyiwa Oladipo Kanu     Aminat Ahmed     Kolawole Akande     Yusuf Amuda Aluko     Gabriel Fashanu     Kolawole Bashirat     Umar Ahmed Gunu     Adaramaja     Olukotun Of Ikotun     Agbarigidoma     John Olajide Adedipe     Saheed Alakoso     NURTW     Logun     Bello Oyebanji     Ahman Pategi     Diagnostic Centre     Maigidasanma     Bola Magaji    

Cloud Tag: What's trending

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

JSSCE     Muhammad Ghali Alaaya     Salihu Yahaya     Donatus Ejidike     Abdulganiyu Salahudeen     Abiodun Oyedepo     Kazeem Gbolagade     Ajuloopin     Idowu Aremu     Ibrahim Jawondo     Kawu     Onilorin Of Ilorin     Kpotum Mohammed Baba     Funmilayo Mohammed     Joana Nnazua Kolo     Abiodun Abdulkareem     Moji Makanjuola     Yaman     Umar Saro     Oye Tinuoye     Abdulfatai Salman Baakini     Minister     Sidikat Akaje     Makama     Oniyangi     Abubakar Lah     Ilorin Anchor Men And Women     Olaoye B. Felix     Muhammad Yahya     Abubakar Imam     Federal Road Maintenance Agency     Dorcas Afeniforo     Wahab Kunle Shittu     Usman Yunusa     Titus Ashaolu     Bello Abubakar     Abdulmutalib Shittu     Kola Adesina     ARMTI     Yaru     Ayobami Seriki     March 28     PPS     Kwara State Infrastructure Development Fund     Patigi Regatta     Ahmad Fatima Bisola     Ajibola Ademola Julius     Valsolar     Azeez Salawu     Aliyu Kora Sabi     Jumoke Monsura Gafar     Alfa Yahaya Road     Kayode Ogunlowo     Elewu     Sai Kayi     Hassan Saliu     NIPR     Kwara Apc     Sunday Otokiti     Babatunde Ajeigbe     Aliyu Muhammad Saifudeen     TVC Female National Debate     Gobir Organization Foundation     Buari Edun     Hakeem Idris     Ahmad Lawan     Gbugbu     Sulyman Abdulkareem     Voices Of Tomorrow     Igbomina     Abdullahi Atanda     Bilikisu Gambari     Ilota     Olayinka Jelili Yusuf     Kayode Zubair     Abdul-Rasheed Na\'Allah     Clement Yomi Adeboye