Rivers
How To Boost Rivers Internal Revenue -Expert
An economist and senior lecturer in the Department of Banking and Finance, Rivers State University, Prof. Ayodele Momodu has called for more efforts to boost the state’s Internally Generated Revenue (IGR).
Commending the state Governor, Chief Nyesom Wike, during an exclusive chat with The Tide over rising revenue profile despite the harsh economic climate, Momodu said there was need to plug all leakages in the tax regime.
He stressed the need for government to reform its tax system such that people will be paying willingly without being forced to do so.
Momodu said there was need for more re-orientation of the citizenry on why they should pay tax considering the efforts and projects done so far by the Wike-led administration.
”We must not depend on forceful spending by the government becuase people don’t want to pay taxes,so we need a complete reform,” he submitted.
The Professor of Econometrics at the state university observed that most of the tax leakages stem from poor coverage.
“Everywhere I go, I see wastages,” Momodu stated, adding “everywhere has been turned to car parks and a lot of businesses sprouting along every inch of the road becuase the roads are now smooth and new.”
He argued that it is the responsibility of every citizen to pay taxes.
“It’s only civil servants and few companies that pay tax here and that makes it difficult for government to go into other areas of development because they have to use the allocation to build roads and other infrastructure.”
The university don maintained that every citizen must be dragged into the tax net as far as he or she is of age and working, adding “ any business you do is taxable according to the value it produces”.
Commenting on the state’s Golden Jubilee Anniversary, Momodu was of the view that the state has come of age economically and socially.
”One thing that we have achieved over the years is physical development. Today, there are new roads outside Ikwerre and Aba roads. A lot of businesses have moved into the state, and we have seen our revenue base expand as well.I think we have come a long way as a state”, he remarked.
Rivers
Motor Spare Parts, Industrial Generators Dealers’ Union Swears Gets New Chairman in Port Harcourt
The Owhonda Dickson Motor Spare Parts and Industrial Generators Dealers’ Union operating in Ikoku Port Harcourt, Rivers state has sworn in Mr. Cyril Igbokwe, popularly known as Onyeoma Cy, as its new Chairman.
The brief swearing _in ceremony was held at the union office in Port Harcourt, last Wednesday
In his acceptance speech, Mr. Igbokwe expressed gratitude for the trust and confidence his members had shown in him, despite his perceived educational background compared to others. , “I feel very happy to be the chairman of this great union in this great market. I’m proud of my executives for demonstrating commitment and cooperation.” Notably, the executives raised over ?1 million for the inauguration ceremony within an hour.
The new Chairman promised to tackle key challenges facing the union, including security and indiscipline. He vowed to follow in the footsteps of his predecessor, who he praised for excellent performance, and aimed to possibly do better.
Mr. Igbokwe emphasized maintaining a robust relationship with the host community and conducting his affairs within the ambit of the law.
In his remarks,the Electoral Committee Chairman’, Igwe Amobichukwu Eze Okorie, assured that the elections were conducted in a free, fair, and credible manner. Despite facing challenges such as non-compliance with guidelines and unfounded propaganda campaigns, no formal protest letters had been received.
Also speaking, the Women’s Leader, Lolo Nkechinyere Okolie, expressed faith in the new Chairman, citing his integrity and experience. She highlighted her role in ensuring women’s voices are counted in the union and vouched for the credibility of the election, noting that Mr. Igbokwe was the popular choice among members.
Rivers
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