The Chartered Institute of Taxation of Nigeria has commenced the third batch of In-house intensive training on tax audits in the oil & gas industry for senior officials of the Gambian Revenue Authority.
Speaking at the opening ceremony of the training in Lagos on Monday, the President, and Chairman of the Council of CITN, Mr Samuel Agbeluyi, emphasised the urgency for the African continent to unite and strive for excellence across all aspects of human endeavour through collaborative efforts, aiming for greater accomplishments.
Agbeluyi expressed excitement at the Gambia Revenue Authority’s decision to seek expertise from CITN.
He affirmed CITN’s ability to provide the necessary knowledge on tax audits in the oil and gas sector.
He stressed the importance of transparency and accountability in governance and assured that the training would better equip Gambian tax personnel for challenges in the sector, drawing from Nigeria’s experience.
According to the CITN boss, the training, which would last for eight days, is aimed at boosting the capacity of tax personnel for effective and efficient tax audits in the oil and gas industry in Gambia.
The Director of Legal and Board Services of the Gambia Revenue Authority, Abdulrahman Bah, mentioned that the training’s goal was to enhance their capabilities and fortitude, aligning with the country’s ambitions to tap into extensive oil prospects.
“We recognise the importance of laying a strong foundation before tapping into our oil prospects. With Nigeria’s reputation as a prominent player in the oil industry, we are eager to learn from their expertise.
“Our focus is on understanding and effectively managing tax implications associated with oil and gas operations, ensuring responsible handling of oil revenues and fostering ethical practices,” Bah added.
