Priscilla Ofunre, Ado-Ekiti
In Ekiti State, a new law guiding tax policy and revenue generation, will soon be in operation, sequel to the passage of Board of Internal Revenue Service Bill 2019 into law by the State House of Assembly.
During its plenary, last week, the Assembly had adopted as a working document, the report of the committee on Finance and Appropriation, in respect of the operation of the State Revenue Board.
Chairman of the committee and the lawmaker representing Emure Constituency, had during the submission of the report, on Monday, reeled out the recommendations, saying the new law would engender collaborative efforts among stakeholders through effective tax control system and formation of better policy for revenue generation in the state.
Passing the bill into law through a voice vote, the Speaker, Hon. Funminiyi Afuye praised the committee for doing a great job, saying the state needed to look inwards at this challenging time and generate more money in view of the dwindling revenues of the Federal Government.
Adelugba had said the new law as contained in the committee’s report would engender collaborative efforts among stakeholders through effective tax payment for more revenue that will be in the overall interest of the residents.
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“It is hightime the state enhanced its economic growth to realise the agenda of Governor Kayode Fayemi’s administration by opening up the state for economic activities and investments through robust tax policy for more revenues.
“The proposed law would have direct and indirect impacts on the citizens and make individuals live above poverty. It would also serve as a veritable tool to making government more committed to human capital development”.
Adelugba, who is also the Chief Whip of the Assembly, also called the attention of the House to flooding being experienced in some towns, especially in Emure community, since the commencement of the raining season.
The lawmaker called on government to find urgent and lasting solution to the threat, which has been affecting the security of lives and property as well as the economic activities of the people.