Fidelity bank banner Camano banner
Ambode proposes new tax collection strategy

By News Express on 14/07/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 989

•Governor Ambode.
•Governor Ambode.

Governor Akinwunmi Ambode of Lagos State has stressed the need for the reinvigoration of the nation’s tax collection machinery with technology in order to improve revenue generation from taxes.

Speaking in Lagos today at the Voluntary Asset and Income Declaration Scheme (VAIDS) Interactive session for Executive and Business owners organised by PwC’s Business School, Ambode also advocated the need to make the tax payment process more people friendly as well as ensure application of the law when necessary against non-compliance.

The Governor, who was represented by the State Head of Service, Mrs. Olabowale Ademola, at the event, noted that it was high time every citizen and all corporate bodies genuinely demonstrated their patriotism and support for the government to implement projects that will turn around the economy for the benefit of everyone.

His words: “There is no doubt about the fact that given all available indices, we can generate much more from taxes than we are currently doing. In addition to the window of opportunity provided for voluntary compliance, which I believe would yield some result; we must re-invigorate our tax collection machinery with technology, make the tax payment process more people friendly and apply the law when necessary against non-compliance.”

He pointed out that the current tax to GDP ratio of 6% is non-sustainable especially against the background of the fact that the nation cannot rely just on borrowing to finance projects.

According to him, “This is the time for every citizen and all corporate bodies to genuinely demonstrate their patriotism and support for the government to implement projects that will turn around the economy for the benefits of everyone.”

Ambode maintained that tax remains a major source of revenue for financing government programmes all over the world particularly in the developed economies.

Source News Express

Posted 14/07/2017 12:38:46 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
I wish the plane carrying Governor Obi had...

2 Reps dump PDP for APC

5 in police net over kidnapping of Kogi...

Rotten yams export: Agric Ministry chiefs, Customs Boss,...

Man City kill off West Brom to hold...

Tambuwal dares police, says he is ready for...

$230 million loot on the way back to...

Court remands NURTW boss for murder

Okada man drops bomb on busy Kaduna street...

Oshiomhole takes on Army Brigade Commander

Senate suspends Customs policy on vehicles without duty...

NMA raises alarm over whereabouts of Lassa Fever...


Latest News Counter-terrorism as collective war 2019: Obi, Osinbajo, 3 others trade tackles in Vice-Presidential Debate Access Bank official, accomplice in EFCC net for defrauding foreigner of £79,000 Nigerian Army redeploys top officers •Full list of affected Generals Outrage as suspected assassins murder retired DCP, wife in Imo 13 miners feared drowned in illegal mine ICPC declares vote buying an act of corruption Buhari alerts on activities of hate speech mongers APC bombs Shittu over ’empty threat’ Buhari has admitted to failure: Fayose Police uncover fake drugs factory, arrest 4 in Lagos NSCDC personnel brutalise journalists


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,322 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,095 views) Shameless Genevieve Nnaji exposes breasts in public (327,989 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (281,712 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,041 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,376 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,271 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,455 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,850 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,611 views) Lagos plane crash: Journalist releases victims’ names (167,357 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,805 views)


CBN banner Zenith Zero Balance First Bank chat banking


Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,883) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (313) International (2,825) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (74) News (41,434) Opinion (1,153) Pidgin (13) Politics (8,178) Religion (916) Sports (1,821) Stock Watch (35) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera