Lagos - The President, Chartered Institute of Taxation of Nigeria
(CITN), Mackanthony Dike, said on Tuesday that the institutionalisation of good
governance would enhance national revenue generation.
Dike made the assertion in an interview with the News Agency of Nigeria
(NAN) in Lagos.
He said that contrary to other opinions, sustainable good governance
remained a major driver for internally generated revenue.
“Countries that adhere to the principles of good governance have grown
economically, more than others.
“Issues which include transparency, accountability and the rule of law are
what drive economic growth,” he said.
Dike also urged Nigerians to fulfill their tax obligations, stressing that
developed countries transformed their economies largely from tax induced revenues.
He said Nigeria’s development quest had made it imperative for the three
tiers of government to execute economic policies that ameliorate the sufferings
of the citizens.
“The authorities should ensure the establishment of social safety nets
geared toward making Nigerians productive.
“The economic safety nets could come as palliatives for people, in the form
of affordable housing and cheap transportation, among others,” he added. -