Home / Other States / Ondo govt generates N2.93bn in 2 months

Ondo govt generates N2.93bn in 2 months

Efforts of the Ondo State Government to increase its revenue are yielding positive results as it generated  a whopping N2.93 billion as  Internally Generated Revenue  in the first two months of 2014.
The state Commissioner for Information, Mr Kayode Akinmade,   in a chat with newsmen  in Akure, said yesterday that the success recorded so far in the state’s revenue drive was due to the ingenuity and drive of the state’s Board  of  Internal  Revenue.
“Recall that while signing  the 2014 budget, Mr Governor did mention that the state’s Board of Internal Revenue had been re-organised to drive the expansion of the state’s revenue base and the result of this is already manifesting,” Akinmade said,
Stating that  the marching order was beginning to yield result, Akinmade said that the report made available by  the Acting Chairman of the state’s Board of Internal Revenue, Mr Kafaru Akinsehinwa,  indicated that  the  agency raked in N2.93billion in the first two months of the year as revenue,  adding that various steps have been taken by the Board to meet the N15billion target set for it by the government for this year.
He said that the target last year was set at N12billion but N10.1billion was realised. He hinted that  policies have been put in place to also reduce leakages.
Akinmade said the  decision of government  to reorganise the revenue generating board made it  take  steps to further ease the process of tax payment in the state, thereby widening the tax net.
He said with more initiatives developed to boost the state’s IGR, the state’s revenue in the next two months would be double what was realised in the first two months.
One  of the innovations developed to shore up the state’s revenue is the introduction of  sales terminals across the state, he said.
“By  April, in collaboration with a bank, it will deploy 100 Point of Sales terminals across the state, which will make paying of tax as easy as going to a supermarket to make purchases, anywhere in the state.”
Stating  that only thirty percent of people in Ondo State pay taxes, the Commissioner said the Board is being restructured to be better able to carry out its mandate, with a new department created for the purpose of increasing the width of the tax net.
“We have put in place some enabling laws, so that by the time we want to start enforcement, we don’t have a head-on collision with people. So once we have the law backing up whatever we are doing, we can move fast.
“Our people have been going out, we’ve been talking to the people, we have been educating them, we’ve been enlightening them on why they have to pay tax, what they have to pay, when they have to pay and who they have to pay to.”
He further mentioned that companies that have hitherto been shortchanging the state in terms of tax payment have been spoken with and have pledged to be transparent in their tax dealing.
Reiterating the administration’s determination to make the State a reference point in the country, the Commissioner solicited support and cooperation of the people through prompt payment of taxes and levies particularly in this era of dwindling revenue accrued to states from the federation account.

Culled from :Here

About admin

Check Also

Osun Head of Service, Fasure bows out amid alleged sexual assault

The Osun State Government on Monday announced the voluntary retirement of the Head of Service, …

Ogun PDP Has Not Endorsed Daniel for Party Chairman

Kabiru-Turaki ‎A former chairman of the Peoples Democratic Party in Ogun State and now member …

Confusion as parents storm schools to withdraw children in Ondo over Boko Haram scare

There was a palpable tension and anxiety in some parts of Akure, state capital and …

Crocodile Smile 2: Army arrest over 40 suspects in Lagos, Ogun

The Nigerian Army on Tuesday said it had arrested over 40 suspects for various offences …

Close
Please support Oyo State Latest News
By clicking any of these buttons you help our site to get better