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Government urged to seek increased revenues through good governance

03 December 2013, 17:18

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.

-     NAN


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