Business
Ex-CITN Boss Applauds Planned Federal Agencies’ Restructuring
A former President, Chartered Institute of Taxation of Nigeria (CITN), Mr Rasaq Quadri, said that the proposed restructuring of federal agencies would increase efficiency in public service delivery.
He said in Lagos that a lot of the Federal Government agencies and commissions had overlapping functions.
The former CITN president said that the restructuring would affect revenue generation of government, however, adding that the proposal should not be focused on increasing tax earnings alone.
Quadri was commenting on the Dr Steve Oronsaye’s Draft White Paper report of the Presidential Committee on Restructuring and Rationalisation of Government Parastatals, Commissions and Agencies Report.
The Federal Executive Council (FEC) on Wednesday considered the Oronsaye report, which acknowledged the existence of 541 agencies of government and endorsed 321 of them.
He said that wastage, financial leakages and indolence would reduce in government if the restructuring was done.
“It will affect revenue generation quite alright in terms of taxes but we have to look beyond that, look at the overall benefit to the country.
“We are talking about Agencies and Ministries and Department whose functions are overlapping and some of them are not even necessary. What effect would it have on the economy in total?
“The other issue is it might increase the people that will be moving about within the civil service if those people are still within the service. So it has so many dimension, the effect of the tax is on one side but then one has to look at the overall effect on the Nigeria economy.
“There are two ways to it, it is either they want to sack those people and release them into the market thereby increasing the number of unemployment within the market. Or they still retain them in the system in which case they will not be that relevant as far as contributing to the economy.
“Whichever way, it is not in the best interest. Mistakes were actually made in the past but if you want to correct the mistake you have to correct it holistically, look at the economy in total.’’
Quadri said that the inability of government to make the environment conducive for enterprise was the reason why it was still the biggest employer of labour.
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