Breaking News
Translate

Abia targets N1bn IGR

By Anayo Okoli

Umuahia—Abia State Government says it plans to generate N1 billion next year, as Internally Generated Revenue (IGR).  The government, meanwhile said it had recorded an improvement in its internally generated revenue for last month, which it put at N250 million.

According to the Chairman of the State Board of Internal Revenue (BIR), Mr. Ikwuagwu Kalu, the improvement was recorded due to some reforms introduced recently by the government to block the avenues through which touts defraud the state.

Ikwuagwu explained that before the reform, Abia State generated between N205 million and N206 million monthly, saying that the dwindling revenue from the federation allocation made it imperative for the state to look inwards, an action he said accounted for the11% increase in revenue.

Kalu maintained that the revenue base had continued to appreciate in the last three months due to the reforms introduced and expressed the hope that it would get better in future.

According to him, “the control measures adopted to achieve the result includes the introduction of electronic payment in all our outlets, massive tax drive, involvement of the services of consultants and the ban on the use of touts to collect revenue.”

He said that his duty was to reorganise the BIR system, review the processes of doing business and check areas of wastages to ensure that the target of over N1 billion was realised early next year.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.