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NPA scandal: Buhari, APC abetting corruption - PDP Coalition
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We ll not overtax residents in Kwara – AbdulRazaq
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AbdulRazaq gave the assurance at the investiture of Biola Adimula as the 4th national chairperson of the Society of Women in Taxation (SWIT) on Saturday.
AbdulRazaq, represented by Susan Oluwole, Kwara head of service (HoS), said the state government was mindful of the effect of over-taxation and would ensure residents pay only exact dues.
“This is ensuring everything is balanced and will not cause undue hardship,” the governor said.
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“But we are conscious of the fact that everybody should be made to pay what they are supposed to pay to the government.”
AbdulRazaq added that Kwara will not joke with the issue of taxation as it is important to the development of Nigeria.
Festus Akanbi
Following the Federal Executive Council’s approval for a number of key infrastructural projects to be undertaken by the Dangote Group and four other companies in place of their tax obligations under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, some economic watchers at the weekend said the current state of infrastructure in Nigeria will compel more companies to key into the scheme.
MTN and BUA Group are some of the private sector companies that won the bid to construct federal roads as part of the Road Infrastructure Tax Credit Scheme.
Other participating private sector firms are Access Bank, Transcorp Group, GZI Industries, Mainstreet Energy, and Dangote Group.
Ignatius
Mr. Ignatius Adegunle is a chartered accountant with over 50 years of experience in Nigeria’s taxation industry. He is also the first Vice President of the Chartered Institute of Taxation in Nigeria (CITN), as well as a former Chief Invigilator at the Institute of Chartered Accountants of Nigeria (ICAN). In this interview with CHINONSO IHEKIRE, he sheds light on tax administration in the country, making a case for improved operations and compliance. x
With over five decades of experience, what is your assessment of tax administration in Nigeria?
So far, Nigeria has not done too badly, though we have been very slow. It took a long time before we started changing our tax laws. But looking at what has happened in the last few years, we have woken up from our slumber. Before, there were so many aspects of the Nigerian tax law that should have been amended based on the economic situation of our country, but government was slow and the ind
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