Masari unveils revenue-generating strategy, grants tax holidays to investors
Governor Aminu Bello Masari of Katsina State has unveiled several revenue-generating strategies, including establishing agro-allied industries, granting tax incentives to potential investors and establishing several other revenue-generating structures.
Masari, who made the above disclosure during a chat with The Nation at Government House, Katsina, said his administration is now fully targeting revenue-generating strides, especially with the setting up of a committee to drive the new policy measures and partnering with private firms to boost the state’s IGR.
“You see what happened in Katsina, like most parts of the Northern states, is that we have no structure for internal revenue generation. If internally generated revenue and resources go up, it means the tempo of activities of government will go up, so that there will be more revenue. If on reverse, it means the activities of government will go down.’’
He said the problem started 40 years ago with the abolition of taxation, when people thought paying tax was a way of oppression, adding that if people became “aware of what the government spend their revenue on, they will key into government policies and programmes.’’
Masari lamented that people who pay taxes are mostly civil servants and those who need tax clearance to contest elections or seek contracts from governments, which leaves out a huge population gap of those who do not pay taxes to government.
He assured that the state government shall make plots of land available and also provide power from KEDCO, to ensure regular power supply from hybrid and solar to potential industrial ventures in the state.
“We recently inaugurated land for solid minerals and ministry for resource development and directed companies representing government to participate in the exploration of mining with partnership companies.’’
“We also contacted the Ministry of Commerce to advertise for the employment of a chairman to spearhead our revenue generation drive.’’