Abeokuta – The Speaker, Ogun Assembly, Mr Suraj Adekunbi, on Wednesday said that the dwindling revenues from the federation account to the states required more creative initiatives to revenue generation by states and local governments nationwide.
The speaker said that only such initiatives would enable the state and local governments to be able to give the masses more dividends of democracy.
Adekunbi made the remark while receiving the State Monitor of the Federal Inland Revenue Services (FIRS), Mr Adebayo Oriyomi, in his Office at the assembly complex in Abeokuta.
The speaker said that there was need for the FIRS to embark on a comprehensive sensitisation of members of the public to educate them on the importance of taxes in the running of the national economy.
He assured the FIRS officials of the assembly’s sustained collaboration in ensuring the success of the relevant taxes, including the Withholding Tax and the Value Added Tax (VAT).
Adekunbi said that with the right orientation, the people would be always willing and ready to pay their taxes, as a way of contributing their quota to the development of their states, in particular, and the nation, in general.
The speaker said that bulk of government revenues in the developed nations came from taxes, urging that more efforts should be initiated to ensure increased revenues through friendly tax administration.
Earlier, Oriyomi sought for the collaboration of the lawmakers and other stakeholders in the state to ensure the success of tax administration and collection, particularly in respect of the withholding tax and VAT.
He explained that relevant information exchange with all the stakeholders was crucial to successful tax administration at both the state and federal levels.
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The FIRS State Monitor lauded the Ogun Assembly and the Ogun Internal Revenue Service (OGIRS) for their continued support for the FIRS. (NAN)
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