Obaseki tasks CITN on expansion of frontiers of taxation

Gov. Godwin Obaseki of Edo has tasked the Chartered Institute of Taxation of Nigeria (CITN) to be proactive toward expanding the frontier of taxation development in the country.

Obaseki gave the charge at the CITN 40th Anniversary Dinner on Saturday in Lagos, with the theme: ”Evolution Of Taxation As A Profession In Nigeria: The Birth Of CITN.”

Obaseki, represented by Mr. John Inegbedio, Chairman, TaxForce on IGR, Edo, said taxation was the only sustainable source of revenue generation in a nation.

He said that CITN should be a major stakeholder in coordinating the influence of taxation practice in Nigeria by getting all stakeholders/parties to work together and be fair to taxpayers.

Obaseki said the Institute should focus more on coordinating, energizing, and educating the general public on taxation as their civic responsibility.

“Forty years is a unique achievement for the Institute and is worth celebrating. More importantly, the fact that taxation has become the national discourse as we all can see now that the oil revenue can no longer sustain the country.”

“Clearly, every society that is striving in the advanced economy is taxation, even the politics is tied to taxation. They know who pays what and at what rate. Before now, that was not the case in Nigeria, both national and sub-national are beginning to realize that is the only way forward,” he said.

Obaseki, who was the Special Guest of Honour, said that CITN stood out as one of the major stakeholders to coordinate, energize and educate the public on issues of taxation.

“More importantly to provide the needed information to the public on what form of tax to pay, the way the tax should be collected, the rights of taxpayers and the rights of various governments that collect tax.”

“Also, to help eliminate areas of misunderstanding and confusion, so that everybody is on board, and then as a society, we will be able to render the services that will boost the nation’s taxation system,” he said.

Mrs. Morenike Babington-Ashaye, a Founding Father of CITN, called for more collaboration between the Federal Government and the Institute.

She said that the government should put CITN into more use by ensuring that the institute was always at the forefront of all issues relating to taxation practice in the country.

Babington-Ashaye said that CITN was well-positioned to carry out extensive research concerning all expenditures, finance bills, and budget finances before its execution.

She said that on no condition should the government involve any external body to handle issues relating to budgetary/taxation.

According to her, taxation is an agent of change; it can be used to control the circulation and inflow of income/possessions among Nigeria citizens.

“Today, I feel so fulfilled because when we started the institute 40 years ago, no one could have dreamt that it can grow to this height.”

”So, we are grateful to all who have contributed to this success – those who have worked, those still working, and those to work in the future. But, we still need to do more.”

”At the moment, the government still spends a lot of money on invisible activities, hiring foreign bodies like International Monetary Fund IMF) or World Bank to come to our aids on issues of taxation/budget, whereas the CITIN is here.”

“Let the government at all levels, organizations, individuals make good use of the CITN. You can use taxation to discipline people, there are a lot of people that are in possession of resources, wealth, and property that their sources are not known,” she said.

Barrington-Ashaye said that if the government could  use taxation to discipline these people by taxing everything in their possession, ‘you will see that stealing of government money and property will stop.’

“These are areas that CITN can come in to collaborate and work together with the government,” she said.

The First Lady of Ogun, Mrs. Bamidele Abiodun, urged the CITN to continue in its efforts to promote taxation in Nigeria.

She said she was particularly impressed by how the institute outlined its plans to grow the taxation system. Abiodun said that CITN had all it took to transform taxation practice in the country.

“We look forward to seeing the transformation role you are going to play in many years ahead in the country’s taxation system,” she said.

Earlier, Mr. Adesina Adedayo, President of CITN, congratulated everyone, particularly the founding fathers of the institute, its past presidents, sponsors, staff, and all who had contributed in one way or the other toward the success of CITN.

“I must confess that it has been a groundswell of positive emotions and excitement across the length and breadth of the country in celebration of the 40th anniversary of the Institute. May the God that made it a success for us this 40 years, continue to see us through for the next 40 years and beyond,” Adedayo prayed.”

The post Obaseki tasks CITN on expansion of frontiers of taxation appeared first on BROAD NEWS.

Leave a Comment

Your email address will not be published.

You may also like


Osun: Oyetola Plans To Challenge Adeleke’s Victory With 50 Attorneys


Osun State’s governor, Gbeyega Oyetola
The governor of Osun State and candidate for the All Progressives Congress (APC) in the state’s recently held governorship election, Gboyega Oyetola, is ready to use legal methods to have the results overturned in his favour.

Remember that Senator Ademola Adeleke, a candidate for the Peoples Democratic Party (PDP), was proclaimed the victor of the Osun gubernatorial election conducted on Saturday, July 16, 2022.

Adeleke received 403,371 PDP votes, defeating Oyetola and the APC with 375,027, and 2,729 Labour Party, LP votes for Lasun Yusuf.

Speaking about Oyetola’s plans to challenge Adeleke’s win in court, senior counsel Kunle Adegoke, a member of Oyetola’s legal team, said that 50 attorneys have expressed interest in taking the case.

In response to a question on the legal justifications for Oyetola’s challenge against Adeleke, Adegoke…

Read More

Osun Guber: Adeleke Warns INEC Not To Tamper With Election Materials


Senator Ademola Adeleke, the newly elected governor of Osun State, has cautioned the Independent National Electoral Commission from tampering with the voting equipment used in the Osun State governorship election on July 16 in an effort to support the All Progressives Congress.

Adeleke said that there were rumours that the APC leadership was working with INEC to tamper with some election documents that would be used against his win at the Election Petition Tribunal in a press statement signed by Prince Diran Odeyemi, the head of his media management team.

According to the statement, certain APC leaders had been circling the Commission’s local government offices in order to communicate with INEC personnel who would tamper with various electoral materials maintained in their care.

Adeleke requested that Prof. Mahmood Yakubu, the INEC chairman, instruct the commission’s Osun officers to…

Read More

We’ll Appeal Adeleke’s Win in Court, Said Oyetola Campaign Director


The Independent National Electoral Commission (INECdeclaration )’s of Senator Ademola Adeleke as the new governor-elect of Osun State on the Peoples Democratic Party (PDP) platform may be contested in court, according to sources, as the All Progressives Congress (APC) legal team has reportedly begun the legal process.

It was revealed that the APC has employed renowned lawyers in the legal profession and legal icons in the state to challenge the PDP’s win in court if anomalies are identified in the results issued by INEC on the outcome of the just ended gubernatorial election.

According to reliable sources, several of the attorneys who would be hired for the project have already been contacted and are planning their approaches.

The legal team is rumoured to have already begun closely scrutinising a few polling unit results with the intention of contesting…

Read More

Akeredolu’s Muslim-Muslim Ticket: Ignore Religion, Vote Based on Competence


Rotimi Akeredolu, the governor of Ondo State and chairman of the Southern Governors Forum, urged Nigerians on Wednesday to vote for competence in the next general elections, stressing that the outcome of the vice president would not have an impact on the effectiveness of any administration.

The job ends at the president’s desk, according to Akeredolu, who expressed confidence that Asiwaju Bola Ahmed Tinubu, the APC’s presidential candidate, will save the country.

“Muslim-Muslim Ticket has nothing to do with performance,” said Akeredolu. Let’s cast our votes for a capable candidate. At the President’s desk, the task is completed. You are choosing the President in this election. He makes the decisions. Because we in the South fought for this, it shouldn’t matter if it’s a Muslim/Muslim or a Christian/Christian.

He said, “I have no doubt that Asiwaju Tinubu, given…

Read More