Daily Courier – The management of Ibrahim Babangida University will open its department of taxation beginning from the next academic calendar.
This was disclosed today Tuesday July 12, when representatives of the university, led by the Vice Chancellor, Professor A. K. Adamu paid a courtesy visit to the headquarters of the Federal Inland Revenue Service (FIRS).
A major highlight of the visit, was when the FIRS management was briefed that the University would be setting up a Department of Taxation to provide the much needed professional manpower for the tax industry.
The vice chancellor stated that the department of taxation will help boost the quality of manpower required in the tax industry.
The executive chairman of FIRS, Mr Muhammad Nani who was elated by the development, noted that the establishment of taxation department is commendable and desirable.
“Taxation is crucial to the subject of national development. And given the current economic realities—oil revenue to the national purse is at zero—taxation must be taken more seriously than ever before.
“It is the most sustainable means of income for government. As at today, tax revenue contributes well-over 60% to the FAAC’s money that is shared monthly.
“The proceeds of taxes are funding our critical infrastructure: airports, roads, paying salaries and allowances to workers at the Federal, State and Local Government levels” he said.
He urged other universities to give the deserved relevance to the subject of taxation.