ODIRS BOSS, ADEGBIE SAYS TAXATION ENSURES AVAILABILITY OF FUNDS FOR GOVT DEVELOP THE COUNTRY

 TAXATION ENSURES AVAILABILITY OF FUNDS FOR GOVT  DEVELOP THE COUNTRY, SAYS ODIRS BOSS ADEGBIE

Chairman of Ondo State Ibternal Revenue Service (ODIRS), Mr. Tolu Adegbie has described taxation as one of the surest ways governments at all levels can generate funds to fund developmental projects.

 The ODIRS boss made assertion in a message to the 2nd Annual Lecture and Dinner of Elizade University Tax Club held at the Ondo State Internal Revenue Learning Center in Akure the state capital.

  

Adegbie whose message was delivered by the Senior Special Assistant to the Ondo State Governor on revenue, Mr Olufemi Feyide explained that through taxes generated by ODIRS, the State government has been having to funds to execute its infrastructure programmes in all sectors of the economy.

"We can all see the impact of revenue generating through, education, roads infrastructures and many other areas.” 

“The economic activities of the state has picked up to the level that necessitate the three flight to come to the state for business.”

Adegbie, who is the Patron of Elizade University Tax Club (EUTC), commended the Federal Government for the formulation of Tax Policy  committee, adding that the policy is a right step taking in the right direction. 

He said: The committee comprised of credible and knowledgeable people that has the know how about the business, it came at the  right time in line with the global reform and we are optimistic that it will boost the revenue not only in Ondo State but Nigeria at large.

In his lecture titled; “Taxation as a Cushioning Tool To Money Laundering Crime in Nigeria”, the head legal Department of Ondo State Internal Revenue service, Barrister Adebayo ogunsuyi said  proper audit, investigation and probe are inevitable in cushion money laundering crime in Nigeria.

Ogunsuyi  added that the extant law in Nigeria has made provision and empowered tax authority to probe into the occupation and even source of income of tax payers.

Also, Sir David Ologun FCA  in his lecture titled; “Bridging Income Inequality Through Taxation” disclosed that Tax is a monetary charge imposed by the Government on persons, entities, transactions or properties to yield revenue”.  

He added that the Objective of

Nigerian Tax system is to contribute to the well-being of all Nigerians, with the following objectives;  “To

Promote fiscal responsibility and accountability, facilitate economic growth and development,provide the government with stable resources for provision of public goods and services.

And also to address inequalities in income distribution,provide  economic stability,pursue fairness and quality, correct market failures or imperfections.”

 The Staff adviser,  EUTC, Mrs Anthonia Oloko thanked the Executive Chairman of Ondo State Internal Revenue Service, Mr Tolu Adegbie for his support for the Elizade University Tax Club. Describing him as the best Patron in the globe.

The highlight of the event was the Award of recognition  bestowed on  the dignitaries at the event which include; the Chief of Staff to the Acting Governor of Ondo State, Prince Segun Omojuwa, ODIRS Chairman, Mr Tolu Adegbie,  Staff Adviser, EUTC ,Mrs Anthonia Oloko, President of the EUTC, Miss Oluwadamilola Agbaje  and others.

The ODIRS is the sole sponsor of the 2nd Annual Lecture and Dinner of Elizade University Tax Club  including the maiden edition held last year with the aim of encouraging other Schools in the state to take a cue from Elizade University being the first Institution to establish tax club in Ondo State.