Elizade Varsity Tax Club Holds Dinner As Experts Seek Effective Tax System

Experts have asked Nigerian leaders
to consider efficient and effective tax system, as a means of diversifying the economy.

They spoke during Elizade university tax club dinner held in Akure, the Ondo state capital

Experts are worried that Nigeria’s tax compliance rate is significantly low compare to other countries.

 

This is as a result of lack of adequate data and weak capacity to address tax evasion.

Delivering a paper titled: “Tax, the Future and You”, the Executive Chairman of Ondo State Internal Revenue Service, Tolu Adegbie said Nigeria is economically viable with enduring prosperity, if only the right people are at the helms of affairs.

Adegbie, who was represented at the event, said taxation will go a long way in shaping the success or failure of economic development of Nigeria.

Others also highlighted some challenges facing taxation in the country.

Also present at the event are: Vice-chancellor of the university, Professor  Olukayode, represented by Dr Wole Adamolekun, Registrar of the university, Omololu Adegbenro, represented by Wale Oladokun, Dr JI Aremo, Anthonia.C Oloko (lecturer-in-charge of Elizade University tax club).