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.

AbdulFatai Adeniyi Dan-Kazeem     Abubakar Lah     Eghe Igbinehi     Bayo Ojo     Omotosho     Halidu Danbaba     Afolabi-Oshatimehin Adenike Harriet     Michael Ologundea     Tunde Mukaila Mustapha     Ola Falade     Centre For Community Empowerment And Poverty Eradication     Olusola Saraki     Mohammed Lawal Bagega     Abdulrahman Abdulrasak     Folaranmi Aro     Apaokagi     Adedipe     Women Radio     Oluranti Idowu     Sa\'adu Gambari     Samuel Adedoyin     Dan Masanin     Ilorin Emirate Stakeholders Forum     Ajia-Bako     Olatunji Abdulmumeen     George Funsho Adebayo     Ekweremadu     Abdulrahman Iliasu     Elekoyangan     Old Oyo     Trader Moni     Ghali Alaaya     Agbarigidoma     Oke-Kura     Laduba     Salihu Alhaji Musa     Ali Ahmad     Musa Aibinu     Economic And Financial Crimes Commission     Idiagbon     Abdulrahman Abdullahi Kayode     Firdaos Amasa     Alabi Olayemi Abdulrazak     John Dara     Twitter     COVID     Ahmad Lawan     Ogbondoroko     Kwara State Sports Commission     Adesoye College     Niyi Osundare     Salihu Ajia     Ethical College     Lateef Ademola Olatunji     Baaziki Sulaiman     Yeketi     Makama Of Ilorin     Mashood Abdulrafiu Agboola     Yusuf Aiyedun     Monthly Sanitation Exercise     Folorunsho Alao     Ibrahim Oloriegbe     Makama Of Kaiama     Onikijipa     Taofik Abdulkareem     Ilorin Descendants Progressive Union     Tunji Moronfoye     Segun Adeniyi     Sango-UITH Road     Jimoh Olusola Imam     Onilorin Of Ilorin     Galadiman Ngeri     A.E. Afolabi     Babaita     Tinubu Legacy Forum     Ahmed Alhasssan     Amoyo    

Cloud Tag: What's trending

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

National Union Of Road Transport Workers     2017 Budget     Aliyu Umar     KWTV     Plat Technologies Limited     Split Diamond Interchange     UITH     AbdulQowiy Olododo     Magaji Nda     Rueben Parejo     Abdullahi Biffo     Seni Saraki     Femi Agbaje     Soffiyyallah Kamaldeen     Marafan Shonga     Emir Of Ilorin     Freshvine Nigeria Limited     M.Y. Abdulrahaman     Najim Yaasin     KWASEIC     Ibraheem Abdullateef     JMK Construction Company Limited     Abubakar Suleiman     Shade Omoniyi     Amoyo     Okeose Christian Cementary     Yusuf Amuda Abubakar     Charles Ibitoye     Third Estate     Patience Jonathan     Gabriel Fashanu     Kwara Restoration Project     Adam Abdullahi Al-Ilory     QuickWin     Abubakar Atiku     Dumagi     Omoniyi M. Ayinla     Madawaki     Oba Abdulraheem     Aisha Ahman-Pategi     Garment Factory     Toyin Olayinka Tejidini     Olufolake Abdulrazaq     MMWG     C2c@kwarastate.gov.ng     Chief Of Staff     Y.A. Abdulkareem     Abubakar Ndakene     Arik     Pius Abioje     David Oyerinola Adedunmoye     Abdul-Rahoof Bello     Abdulrosheed Okiki     Emir Of Shonga     Abdulrahman Onikijipa     Sherif Shagaya     Okedare     Dunmade     Apaola     Oniye     Afonja Descendants Union     Tope Daramola     Ahmad Ali     Ajayi Okasanmi     Bukola Ajikobi     Voices Of Tomorrow     Abdulkadri Ahmad Alaiye     Osi     Kwara State University Of Education     Kuliyan Geri     Adebara     Saliu Ajia     AGM Professional Services     Durbar     Lanre Issa-Onilu     CCEPE     NITDA