The institute stressed this during its 44th induction ceremony of 286 associate members.
President of CITN, Glady Simplice, in her address, referred to the harm COVID-19 has caused to the global economy, including Nigeria’s, whereby taxation has become a major policy instrument needed for stability post COVID-19.
To this end, the CITN boss recognised the need for aggressive tax awareness in order to boost tax education among citizens.
“More than ever before, there is a compelling need to reinvigorate our enlightenment and education mechanisms. For this reason, the National Orientation Agency (NOA) must wake up to its statutory responsibilities.
“The CITN Council has approved District Societies as part of our concerted plan of action to change the part of its responsibilities. The continuous engagement in regular education and enlightenment programmes at the national level and through our District Societies, is required to change the narrative of poor tax awareness among the
• Revenue could be raised to over N12tr with plugged loopholes
• Nigeria’s IGR, company tax decline in 2020 as VAT revs up
• Tax evasion, avoidance may persist as revenue pressure mounts
• ‘With good tax system, govt has no business borrowing’
The inability of the Federal and state governments to judiciously use tax revenue, especially in reducing the challenges faced by masses and the Organised Private Sector (OPS), as well as weak technical and human capacity, may continue to limit potentials of tax revenue in the country.
This is coming in the face of declining revenue amid controversy over whether or not the Central Bank of Nigeria (CBN) is printing money to meet revenue shortfalls .
Yunusa Tanko Abdullahi
While it is likely that the best pursuits in life for many have yet to be discovered, every person can however make his or her own job title. Therefore, the best quest in life, for each person, is the one that they believe in, and for which they would sacrifice every other thing.
For Alhaji Ahmed Idris, the Accountant-General of the Federation (AGF), it appears he knew he could be a better accountant, a career for which he would sacrifice many other things. He pretty much only needed his hands and mind; this certainly being a lifetime mission for results-oriented administrator in pursuit of excellence for his career satisfaction.
As a Nigerian interested in investing or making money, names like Aliko Dangote, Femi Otedola, Mike Adenuga, Tony Elumelu, Jim Ovia, Rabiu Abdulsalam etc., come to mind as aspirational role models. These men have all made billions of naira investing in companies listed on the Nigerian Stock Exchange either as founders or strategic investors.
However, there are many other lesser-known investors in companies listed on the Nigerian Stock Exchange who are worth billions (in naira). These investors are seasoned and while they may not always be the founders of the companies they are invested in; they own a significant chunk of the business through strategic investment stakes that earn them billions annually in capital appreciation and dividends.
President Muhammadu Buhari has approved the appointment of Dr Oyebode Oyetunde as Executive Director for Nigeria at the African Development Bank (AfDB) in Abidjan, Cote D’Ivoire.
Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, made this known in a statement in Abuja on Tuesday.
Before the appointment, Oyetunde was Senior Special Assistant to the President on Finance and Fiscal Policy as well as Legal Matters in the Office of the Chief of Staff to President.
He was also Special Adviser (Fiscal Policy) to the Minister of Finance, Budget and National Planning. x
The statement said: ”He is a Chartered Accountant and a fiscal policy tax expert with 24 years of experience in investment banking.