The President of the Chartered Institute of Taxation of Nigeria, Samuel Agbeluyi, is confident that the country can produce tax professionals in the future.
Agbeluyi, speaking at the All Secondary Schools Tax event in Benin, Edo State, mentioned that there are plenty of opportunities for students to become tax professionals, which could lead to careers in taxation, working with tax authorities or related departments in formal and informal sectors, or becoming experts in the field of taxation and related studies.
PUNCH Online recently reported that the Chartered Institute of Taxation of Nigeria emphasized the importance of a good tax system to attract foreign direct investment to the country.
The Chairman of Ikeja District Society of CITN, Mr Abiodun Oke, revealed this during his investiture in Lagos, recently.
“We want an environment where they can work and bring funds to the country. Recently, we have been discussing foreign direct investment; it will not happen without a standard tax system,” Oke said.
At the competition, Izoduwa Richking was the winner, followed by Igbinomwanhia Bridget in second place and Uwoghiren Blessed in third. They received N200,000, N150,000, and N100,000 respectively. The fourth to tenth place finishers each received N20,000 as consolation.
The CITN president stated that the tax quiz event is a great way to nurture the brightest minds who will shape the future of taxation in Nigeria.
“Today, we witnessed the intellectually stimulating display of knowledge in taxation by these students. The process was fair, transparent, and it produced the top performers as the winners.
“Looking ahead, I am excited about the potential of the next generation of tax professionals. The level of knowledge demonstrated by the younger generation on taxation speaks volumes about the quality of tax professionals that will emerge in the near future.
“As you know, taxation is arguably the lifeblood of any nation. In fact, no country can experience meaningful development without a consistent, effective, and efficient inflow of tax revenue,” Agbeluyi added.
In her welcome speech, Chairman, Students Affairs and Tertiary Institution Relations Committee, Dr. Abiola Adimula emphasized the importance of enlightening students about the role of tax in the development of an economy.
Adimula, represented by her vice, Imagbe Victor, highlighted the Institute's role in improving tax policies and guidelines that would benefit both the government and taxpayers in the country.
Adimula explained that the initiative aims to create an interactive environment for students to share ideas and contribute to the economic development of the country.
“This is an event organized by the Chartered Institute of Taxation of Nigeria. Similar events have taken place in Ibadan, Port Harcourt, Uyo, and Lagos. This event has been sponsored by the Institute in collaboration with CITN Benin and District Society.