Tax Payment-CITN Calls For Involvement of Informal Workers In Osun.

In order to put an end to the economic downturn facing the country presently, there is need for Osun state government to map out strategy which could be used shrewdly to make informal workers to pay their taxes and other levies.

This was the view of Prince ‘Wole Adesanya, Commissioner of Informal Sector, Osun Internal Revenue Board, while delivering a public lecture on the topic “The Impact of Informal Sector Taxes and Levies on the Development of State of Osun Economy” held at Teachers House, Estate in Osogbo the state capital.

Prince Adesanya, during the lecture organised by the Chartered Institute of Taxation of Nigeria (Osogbo and District Society), noted that revenue that accrues to the state government were derived from two broad sources, namely external and internal sources.

He said the increasing cost of running coupled with dwindling revenue has left various state governments with formation of strategies to improved their revenue base.

While emphasising on the need for the state and local governments to generate revenue from internal sources, the Commissioner, said serious decline in the price of oil in recent years has led to the decrease in the funds available to government.

Earlier, the Chairman of the Chartered Institute of Taxation of Nigeria (CITN), Osogbo and District Society, Pastor. Kayode Adekunle in his address said the lecture was timely, considering the current Nigeria’s economic quagmire which calls for immediate solution.

Describing the role of informal sector in the development of the state, Pastor Adekunle, noted that the sectors were highly dynamic and contribute substantially to the general growth of the economy and personal or household income.

He said they however organised the programme to mark his one year in office, saying the Institute had earlier visited Jaleoyemi Hospital where they educated the management of the hospital on the need to cooperate with government of the state by paying relevant taxes and levies.

He also assured the government of the CITN support in bringing awareness to the door steps of every citizen of the state on the need to perform their civic responsibility especially in the area of payment of relevant taxes and levies.

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