eNaira: CITN Says eNaira Will Reduce Tax Evasion

The Chartered Institute of Taxation of Nigeria has forecast that the introduction of eNaira will reduce tax evasion in the Nigerian economy. 

Money operation: eNaira project. He stated that the aim of the program is to continuously educate and educate the public and stakeholders through activities that contribute to national development, as well as to keep its members informed of developments in tax policy and related issues.

Adesina said: “With the introduction of eNaira, it is ultimately expected that tax evasion will be minimal as it seeks to ensure the traceability of tax credits and enforce transparency in the tax system, thereby increasing government revenues. 

eNaira, a digital currency issued and regulated by the Central Bank of Nigeria, offers consumers and end users fast, safe and easy business and transaction opportunities.

Dr. Mark Abani, Coordinating Dean, CITN, Tax Faculties, said the institute believes it is important to continue educating its members and the general public about the principles of using eNaira in their transactions and stated that the government is optimistic that the introduction of eNaira will improve financial inclusion and trade in Nigeria.

Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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