Kano govt mulls increase in taxes to boost revenue
WORRIED by the dwindling internally generated revenue (IGR) in Kano State, Governor Abdullahi Umar Ganduje, has affirmed his administration’s commitment to make citizens, investors and corporate entities remit duly valued taxes into government coffers.
The governor who spoke during an interactive session with labour leaders and journalists announced immediate dissolution of the state board of internally generated revenue.
Ganduje stated that the era of tax evasion and under-valued revenue is over, insisting that government would deploy full force of the law to sanction anyone who violates these rules.
Lamenting the mismanagement and inefficient handling of income generation, collection and management, Ganduje posited that government had engaged the services of experienced tax consultants to handle taxation and revenue generation in the state.
Ganduje said the rich with huge investments would “be compelled to pay more to provide infrastructure and improve quality of life.”
Speaking on the drop in federal monthly allocation, Ganduje lamented that Kano received N4.3 billion allocation, the lowest ever for the month of October, thereby resulting in huge liability of N3.6 billion monthly recurrent cost.
In his words, “Henceforth, banks, communication companies and business enterprises must pay more in the new tax regime. We are currently facing the worse time here.
“ Kano is a mega city where all basic facilities must be functional. Our integrated rural development, agricultural and electricity supply must be effective. But we cannot achieve all these targets except with financial capacity. We believe the state is well endured and has the potential to generate enough income.”