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.

Ijagbo Health Centre     Atunwa     Kayode Zubair     Olaosebikan     Solomon Edoja     Ishaq Oloyede     Prince Bola Ajibola     Jawondo     Senior Staff Union Of Colleges Of Education     Ishola Moses Abiodun     Ilorin Water Reticulation     Rihanat Ajia     Ubandoma     Amosa     Simon Sayomi     Facemasks     Prince Sunday Fagbemi     Ubandoma Of Ilorin     Obayomi Azeez     Hamid Bobboyi     Principal Private Secretary     CLAY POT     Taofik Abdulkareem     Demola Banu     Taofik Abiodun Ahmed     Baba Isale     Doyin Awoyale     Sobi FM     Saliu Ajia     Ita-Nmo Market     Centre For Peace And Strategic Studies     Bolaji Aladie     Rafiu Olasile     Oluranti Idowu     Usman Yunusa     Ibrahim Kayode Adeyemi     Azeez Bello     Kwara United     Garment Factory     Temitope Ogunbanke     Arik     Ola Falade     Chikanda     Ibrahim Orire     Ajuloopin     AbdulHamid Adi     Adegoke Bamidele     Tayo Alao     Abdulrahman Abdulrasak     Gbenga Olawepo     Oba-Solagberu     Abdulsalam A. Yusuf     Kayode Oyin-Zubair     Adeola Abraham     Elerin Of Adanla     FERMA     Mansur Alfanla     Afolasade Opeyemi Kemi     Coalition Of Kwara North Groups     Rotimi Atere     Sambo Murtala     Saadu Gbogbo Iwe     Garba Dogo     Tayo Awodiji     Muhammed Mahe Abdulkadir     Zainab Abass     Aishat Mohammed Lawal     National Union Of Road Transport Workers     Yomi Adeboye     Musbau A. Akanji     MINILS     ER-KANG     Hassan Abdulazeez Elewu     Ilorin International Airport     Ishaq Abdulkarim     Siraj Oyewale     Olomu    

Cloud Tag: What's trending

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

Ile Arugbo     Kayode Yusuf     Muhammad Sirajo Aliyu     Ajeigbe     Shuaibu Yaman     Rasaq Jimoh     Abdullahi Biffo     Islamiya Abdulraheem     Raimi Iyanda     YAKOOYO     Muhammad-Mustapha Suleiman     Zara Umar     Kwara 2015     Inside Kwara     Taofik Abdulkareem     Ubandawaki     Abdulhakeem Amao     John Olobayo     Ilorin Curfew     Saka Isau     Hamid Bobboyi     Ahmed Dankaya     David Adesina     Kolawole Bashirat     Okasanmi Ajayi     Hamidat Sulyman-Yusuf     Hassan Abdulazeez Elewu     Olateju Lukman     General Tunde Idiagbon International Airport Ilorin     Tunde Idiagbon Road     Abdulrasheed Na\'Allah     General Hospital     Akeem Olatunji     Joseph Bamigboye     SGBN     Sango-UITH Road     Muritala Awodun     Abdullah Janet Amudat     Alore     Olayinka Olaogun     Bamidele Aluko     Eleyele     Aliyu Alhassan     Ishaq Salman     Oro Grammar School     Yemi Sanni     Suleiman Mora Omar     Ramadhan     Oke-Kura     Overland     Saka Onimago     Isaac Aderemi Kolawole     Ganiyu Taofiq     Olusin Of Ijara Isin     TESCOM     Sarkin Malamai     Aliyu Muhammad Saifudeen     07039448763     Arandun     Abdul Jimoh Mohammed     Abdulrazak Shehu Akorede     Tunde Yusuf     Jumoke Monsura Gafar     Isiaka Abdulrazak     Kwara Primary Health Care Development Agency     PPS     Musa Abdullahi     Al-Hikmah University     Femi Ogunsola     Budo Egba     Isaac Gbenle     Chief Imam Of Lafiagi     Fatai Olodo     Ajasse-Ipo     Ilesha Gwanara Road     Forgo Battery Company Limited     Ahmed \'Lateef