CITN Inducts 605, Tasks Members On Reforms

Chartered Institute of Taxation of Nigeria (CITN) has inducted 605 new associate members as certified chartered practitioners in the field of taxation.

The 16th President of CITN, Mr Samuel Agbeluyi, who made this known at the 50th induction ceremony of the institute on Thursday in Lagos, urged members to make valuable contributions to the ongoing reforms in the tax and fiscal landscape in Nigeria.

Agbeluyi explained that the induction exercise was a mechanism to grow the tax administration system of the country.

He said that a lot had been happening in the tax and fiscal landscape in Nigeria, particularly since the inception of the new government administration.

According to him, of particular reference, the approval of the 2024 budget underscored the imperative of enhancing tax revenue.

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He said that the establishment of the Presidential Committee on Fiscal Policy and Tax Reforms reflects a resolute commitment to charting a course for sustainable economic growth through effective and efficient taxation.

“Our responsibility as tax professionals is twofold: (i) ensuring that taxpayers fulfil their tax obligations to the government as and when due, and (ii) advocating for a tax system that is favourable and equitable for taxpayers.

“So, the guidance and counsel we offer to both clients and stakeholders alike are critical to fulfilling these roles effectively.

“We are more than willing to support the current government to achieve its objectives, which we have appraised and deemed to be highly beneficial to Nigeria and Nigerians in the long-run.

“I, therefore, urge the over 28,000 professionals registered under the CITN to demonstrate commitment and make valuable contributions to the ongoing reforms in the tax and fiscal landscape in Nigeria.

“To do this effectively, we must be fortified with the right skill set. We must be distinctive by the depth of knowledge we possess and the level of professionalism we demonstrate,” Agbeluyi said.

In her welcome address, the Chairman, Membership and Professional Conduct Committee, Dr Titilayo Eni-Itan Fowokan, extolled the importance of the roles of the new inductees.