UDUS Story: Accounting Department Emerged Winner At STC-UDUS Inter-departmental Debate

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Wonderful Adegoke reports,

Members of the Students' Tax Club from the Department of Accounting have left the audience, club members, judges, and executives in awe at the prodigious display of intelligence during the recently concluded Inter-departmental debate.

The Club convened its' first Inter-departmental debate between the Accounting, Economics, and Law departments on Friday 6th of October, 2023 at the Faculty of Management Sciences by 4:15 PM.

The Inter-departmental debate titled "Fiscal Policy and Tax Reforms' The Implication For National High Inflation Economy", had four wise owls on the judgment seat, two from the Department of Accounting and one from Economics and Law respectively.

The Vice Chairman of the Students' Union Caretaker Committee, Mubarak Muhammed; President of the Students' Tax Club, Abubakar Siddiq; President of UDUS Debate Club, Aboki Yusuf; President of Law Students Association of Nigeria, Diyaulhaq Hamza; Vice President of Nigerian Economics Students Association, Ms. Favour; President and Vice President of Nigerian Universities Accounting Students Association; Isaac Akinwale and Maryam Abdulqadir were the students authorities in attendance during the battle of wits that lasted for 90 minutes.

After a lively and high spirited debate, Mr. Uthman, member of the judging panel declared the Accounting department as the winner and the economics and Law departments as the second and third positions respectively.


Speaking with our correspondent, Abdulraheem Abdulsamad, a 300-level student from the Law department, shared his excitement about the best educative debate he witnessed as part of the audience.

Abdulraheem said, "Tax avoidance and Tax evasion are two main tools utilized by businessmen to dulge tax. Having great consequences on the Nigerian economy, it's safer to say tax evasion is an offense."

Abdulraheem added that imposing a heavy tax on imported goods and a reduced tax on locally made goods would help reduce economic hardship in the country and encourage local entrepreneurship thus moving currency into circulation.

"Tax reform is the set of policies put in place to regulate fiscal policy which is likely to bring about inflation or economic hardship in the country," he noted.


Speaking of the eloquent discourse, Afolayan David, a final-year student from the Department of Accounting, cited the nuances of using fiscal policy to control inflation. 

"I gained new insight into the complexities of fiscal policy and its potential to curb inflation," he said.

Salami Mansura, the Club's Assistant General Secretary appreciated the departmental representatives and assured the enthralled audience of a more illuminating session during the next intellectual showdown scheduled to be held in November 2023.

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