Budget NG

Akwa Ibom targets N38b IGR in 2018


January 11, 2018 | 10:59 am
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The Akwa Ibom State government says it is expecting to rake in N38 billion as Internally Generated Revenue (IGR) this year following the introduction of the e-platform payment that helped to “reduce leakages in the sector to zero percent in 2017.”

Okon Okon, chairman of the state  Internal Revenue Service, who made this known in Uyo, the state capital,  also  said that the autonomy granted the unit would enable it achieve its revenue target for the year.

Okon explained that the state government  has launched  a transformation programme christened, Revenue and Institutional Transformation Agenda (REVITA) with effect from January 2018 to ensure a paradigm shift in business approach from bureaucracy to enterprise model, tax education and awareness creation and facilitate  automation of revenue collection and efficient.

According to him, the initiative would also widen the  tax net,  promote rapid growth of taxpayer’s database and ensure easy harmonisation of taxes and revenue collection as well as blocking  of leakages in the tax system and fasten the  prosecution of tax defaulters.

He urged the teeming taxpayers to choose voluntary compliance and pleaded with defaulters to change their attitude and honour their civic obligations by paying their taxes accurately and promptly, to avoid law intensified enforcement.

He solicited  the cooperation of the media to help the ministry  achieve their set goals and target for 2018.

Okon who spoke at an interaction with journalists, thanked  Governor Udom Emmanuel, for inaugurating the board in April 13 last year.

He also commended the Akwa Ibom state House of Assembly for passing  the bill which granted Akwa Ibom state internal revenue service autonomy in 2016 and  the ongoing efforts at making laws that are relevant and essential for the growth of IGR in the state.

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January 11, 2018 | 10:59 am
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