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.

Fareedah Dankaka     Igbomina     Isiaka Alikinla     Umar Sanda Yusuf     ER-KANG     Law School Scholarship     Yakub Lai Gobir     KW-GIS     Obuh     Olokoba Sulyman     3MTT     Rotimi Oyedepo     Benin Republic     Isiaka Abdulrazak     Sulyman Abdulkareem     Adebara     Gafaru Olayiwola Olorisade     Y.A. Abdulkareem     Abdulraufu Mustapha     Aminu Ado Bayero     Femi Oladiji     Prince Bola Ajibola     Dapo Teni Nig Enterprise     Bamidele Adegoke Oladimeji     SAPZ Project     Folorunsho Alao     Timothy Akangbe     Toyin Olayinka Tejidini     Olatinwo     Bola Shagaya     Shehu Jimoh     General Hospital     Hauwa Nuru     Oloruntoyosi Thomas     Aisha Abodunrin Ibrahim     Radio SBS     Mahmud Ayinla Giwa     Kwara State Television     Ohoro Of Shao     Okin Malt     Saliu Oluwole     Senior Ibrahim Suleiman     TIIDELab     Kwara State Branch Of The National Library     Owo Arugbo     Lanre Olosunde     Shade Omoniyi     Kwara United     SUBEB     Abdullah Janet Amudat     Shehu Alimi Foundation For Peace And Development     Umar Danladi Shero     Malete     Damilola Yusuf     Oba Abdulraheem     Harmony Holdings     AbdulRasaq Abdulmajeed Alaro     HYPPADEC     Local Government     Ahmed Saidu Rufai     Baboko     AGF Abdulrazaq     Kolawole Akande     Ahmed     EndSARS     Olusola Saraki     S.O. Opowoye     Hamidu Olowo     Prince Mahe Abdulkadir     Adegoke Bamidele     Lawal Olohungbebe     UITH     Dele Belgore     Yahaya Abdulkareem     Muhammed Abdullahi     Oke-Ode     Moses Rahman Popoola    

Cloud Tag: What's trending

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

Farouk Salim     Mohammed Abduraheem     Offa Grammer School     Abubakar Kawu Baraje     Wale Oladepo     Yusuf A. Usman     Hassan Taiye Salam     Dankaka     Village Alive Development Association     AbdulGafar Tosho     Benin Republic     Funmi Salau     Elerinjare-Ibobo     Dasuki Belgore     Public Holiday     NULGE     Moses Salami     Kwara State Television (KWTV)     Taofik Abiodun Ahmed     SUBEB     Ilorin Water Reticulation     Galland Marcias     Abdullahi AbdulMajeed     Kamaldeen Gambari     Alagbado     Lafiagi     Adamu Atta     Gamji Members Association     Centre For Peace And Strategic Studies     Zulkifli Ibraheem     Ifelodun     Usman Yunusa     Balogun Ajikobi     Kale Ayo     Mukhtar Shagaya     SAPZ Project     Yusuf Olaolu Ali     Ayo Adeyemi     Yusuf AbdulRasheed     Abdulrazaq Solihudeen     Mamatu Abdullahi     Abdulhakeem Adelaja Amao     Niyi Ogundiran     Timothy Akangbe     Abdulwahab Ololele     First Lady     Taofik Abdulkareem     Shuaib Jawondo     Mumini Ishola Hanafi     Najim Yaasin     Kulende-UITH     Maigida     Yusuf Zulu-Gambari     Esinrogunjo     Saka Balikis Kehinde     Jaiz Bank     Funmilayo Zubair     IFK     Kwara NIPR     Suleiman Alege Kuranga     Sidikat Uthman Ajibola     Jumoke F. Ajao     Damilola Yusuf Adelodun     Bankole Omisore     Bello Oyebanji     Abdulmumini Sanni Jawondo     Congress For National Consensus     Sa\'adu Gambari     Sa\'ad Alanamu     Sola Saraki University     Radio SBS     Usman Alkali Baba     ITEM 7     Umar Saro     Bola Magaji     Awoye     SDP