Wednesday, October 5, 2022

More Edo citizens must pay tax: Gov. Obaseki

Mr Obaseki reckons that a lot of Edo residents are not participating in tax payment.

• August 18, 2021
Edo governor Godwin Obaseki
Edo governor Godwin Obaseki [Photo credit: Premium Times]

Governor Godwin Obaseki of Edo says it has become imperative for more residents of the state to pay their taxes as long as they are earning an income.

“Today the ratio of citizens who pay taxes vis-a-vis the population is very, very small and the burden is only on few who pay tax,” Mr Obaseki told journalists after he visited the state’s Internal Revenue Service on Wednesday in Benin.

“Henceforth, everyone who earns a revenue or some source of income by law should pay money to the state.

“That is what we are trying to do by ensuring that everybody pays something directly to the state government treasury,” he said.

Mr Obaseki said that he visited the service because the tenure of the board had expired, adding that there was the need to re-energise the service before the appointment of a new board.

“We want to be sure that we re-energise the service; right now we are not meeting our budget in terms of revenue collection in the state,” he said.

The governor cleared that there is no need to increase taxes but more citizens need participation in tax payment.

He said there are leakages in the state’s tax system, which he believes can be restructured to achieve more decency in the way revenue is collected in the state.

“The meeting today is to meet with members of staff of the service; to work with them and redesign the revenue collection system in the state because it is not centralised

“So what we are looking at is to have semi-independent offices across the 18 local governments of the state that will be responsible for all the taxes that will be collected in that area.

“The other reforms we are looking at is to collaborate with the local governments to ascertain what they are supposed to generate, so as to reduce the burden on the citizens,” Mr Obaseki said. 

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Festus Keyamo and Bola Tinubu cycling

Heading 3

Tinubu loves cycling; he’s strongest presidential candidate: Festus Keyamo

“People who are close to him, they know that he’s an avid cyclist; he does that all the time. It’s his routine.”

TCN and Sule Abdulaziz

Heading 1

FG to add 817 megawatts to national grid: TCN

The project will add five transmission substations, 143 kilometers of 330 Kilo Volts (KVs) and 81 kilometers of 132 KV transmission lines to Abuja.

National Central Bureau and Vice President, Interpol Africa, Garba Umar and NDLEA Chairman, Buba Marwa

NationWide

NDLEA signs MoU with Interpol to share criminals data

Mr Marwa said drug business was international in scope.

Nigerian trading floor

Economy

Investors lose N227 billion after selloffs in Tier-1 banks stocks

The All-Share Index (ASI) also lost 43.04 points or 0.09 per cent to close at 48,836.70 compared with 48,879.74 posted on Tuesday.

Magashi and Cadets

NationWide

Nigerian soldiers receive first class training: Defence minister

Mr Magashi said this on Wednesday where he inaugurated some projects at the NDA in Kaduna.

Mudashiru Obasa (Credit: Twitter)

Education

No sane society undermines teachers: Lagos Speaker Obasa

The speaker added that the importance of the teaching profession can be more appreciated with an understanding that through it, other professions are born.