Nigeria Has One of The Lowest Tax/GDP Ratios in The World -Chike Okafor

0
12

President Muhammadu Buhari declares Open 2nd National tax Dialogue at the State House on 29th March 2022 as Hon Chike John Okafor represents the House of Representatives Committee on Finance.

The Dialogue themed TAX HARMONIZATION FOR ENHANCED REVENUE witnessed different sessions with business,traditional and political leaders well represented. The Hon. Minister Finance, Mrs. Zainab Ahmed served as chief host with the Executive Chairman FIRS, Muhammad Mamman Nami co-hosting. Mrs. Ifueko Omoigui Okauru (Former Executive Chairman, FIRS) chaired the sessions. Also in attendance included CBN Governor Godwin Emefiele, Boss Mustapha (SGF), Dr. Kayode Fayemi (Gov. Ekiti State and Chairman, Nigerian Governors Forum), Oba Adeyemi Enitan Ogunwusi (Ooni of Ife) e.t.c

In his presentation and address to all participants, Hon. Dcn Chike Okafor observed that Nigeria has one of the lowest Tax/GDP ratios in the world,which implies that we as a nation have a long way to go before we will be able to run our budget mainly on taxation without so much recourse to borrowing,domestic and/or foreign,he however acknowledged and appreciated the unrelenting efforts of the FIRS in revenue generation in the last decade which currently contributes almost 40% of Nigeria’ GDP

He recalled that with the dwindling of foreign exchange earnings from sale of crude,FIRS now contributes more than 90% of revenue accruing to the federation account,and harped on the need for this tax harmonisation efforts in order to enhance revenue generation.

He assured the participants,especially the President Muhammadu Buhari and his Economic team that the current National Assembly,House of Representatives will do everything possible to give the necessary legislative support to the efforts in this regard.

He also enjoined the FIRS to continuously deliver quality service to taxpayers in partnership with other stakeholders to make taxation the pivot of national development.

Previous articleJPI EDUCATION SCHOLARSHIP: STUDENTS OF FEDERAL POLYTECHNIC NEKEDE, OWERRI WINS BIG
Next articleIMHA: SUSPENDED MEMBERS YET TO APPROACH THE INVESTIGATION COMMITEE- HON. ONYEMAECHI
PROFILE OF IKECHUKWU ANYANWU Ikechukwu Anyanwu is an Imo State born Nigerian. An Author, Public Speaker, Humanitarian, Blogger, Media Guru and Start-up Coach. He has inspired millions through Arise Africa Network Platform He Is Into Education, Media, Entertainment, Showbiz and Hospitality Industry. Having calved a nitche for himself as a leadership expert, human capital development and management consultant. He is currently the Chairman, Online Media practitioners Association of Nigeria, Imo State Chapter. Ceo Arise Africa Magazine, Founder Arise Africa Network – a non-profit organization. Face of Arise Africa, Managing Consultant GCFN Consult. Member, Imo State Bloggers Association. Ag National President, Association of Pageant CEO’s of Nigeria Human Resource Specialist and Leadership Coach with astute impact on many seeking to maximize their skills, intellectuals and innate potentials He has a track record of reproducing leaders and helping them to gain dominance within their nitch. Mr Anyanwu after a rich career that spanned for 18 years having worked as Human Resources Manger, Outlet Manager Rennys Foods Limited from 2004 – 2019, Management Consultant for various Quick Service Restaurants in Abuja, Enugu, Rivers State, Abia, Ebonyi, Kogi and Imo State is now focusing on helping young people to discover, develop their talents. He has built lots of platforms for young people of Africa to express their talents. He is passionate about writing, consulting, coaching and training. He blogs regularly via www.ariseafrika.com and has a thriving social media followership. He is a graduate of Sociology/Anthropology, Imo State University whose passion is to impart knowledge by educating, equipping and empowering young minds for the future. He is an alumni of Living Word Training Center He is also the West African Representative of All African Media Networks He is married to Mrs Carol Anyanwu and blessed with 3 sons.

LEAVE A REPLY

Please enter your comment!
Please enter your name here