Governor of Edo State, Godwin Obaseki has implored the Chartered Institute of Taxation of Nigeria (CITN) to be proactive toward expanding the frontier of taxation development in Nigeria.
He said 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.
According to NAN report, the governor gave the charge on Saturday at the CITN 40th Anniversary Dinner held in Lagos, with the theme: ”Evolution Of Taxation As A Profession In Nigeria: The Birth Of CITN.”
Represented by John Inegbedio, chairman, TaxForce on IGR, Edo, the governor said taxation was the only sustainable source of revenue generation in a nation.
Obaseki said the institute should focus more on coordinating, energising 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,” he said.
“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 realise that is the only way forward.”
Obaseki, who was the special guest of honour at the event, said that CITN stood out as one of the major stakeholders to coordinate, energise 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,” he added.
“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.”
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 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.