TEJU Somorin, president, Chartered Institute of Taxation of Nigeria, CITN, has lamented the poor economic environment in the country, saying that it is impacting negatively on the internally generated revenue, IGR.

Somorin, who spoke in Asaba, Delta State capital, after meeting with Monday John Onyeme, chairman, State Board of Internal revenue, DBIR, said that the persistent harsh environment has “rubbished” all processes for generating revenue by various agencies in the country.

Noting that IGRs are in line with the Institute’s objective, Somorin said the current board of Delta State did relatively well against the backdrop of the nation’s economic downturn, which had impacted negatively on business activities.

The CITN President said the Institute is working out modalities to ensure that revenue collections are not too stressful even in the face of poor economy.

She added that the visit to Delta State is to solicit for co-operation and support towards the successful hosting of the forthcoming 19th Annual Tax Conference, with the theme: “Taxation and Governance” the social contract imperatives holding from May 17 to 20, in Abeokuta, Ogun State.

She said the conference, the largest gathering of tax administrators and practitioners in West Africa, will be immeasurable, and regretted that tax payers money in most cases are not adequately utilised.

—  Mar 31, 2017 @ 19:00 GMT

|