Glamtush reports that the Federal Inland Revenue Service (FIRS) Chairman, Dr. Zacch Adedeji, has urged state governments to brace up for the tax reforms about to be released.
This online news platform understands that at the 155th Meeting of the Joint Tax Board (JTB) in Suleja, Niger State, Adedeji stressed the importance of a robust Internal Generated Revenue (IGR) system. He urged state governments to optimize revenue collection for “socioeconomic and human development.”
According to him, “at this critical point in time, it is necessary to strengthen the fabric of our IGR capacity to ensure that the revenue administration processes, especially at the subnational level, become as efficient as possible to optimise the collection of IGR for socioeconomic and human development,” Dr. Adedeji stated.
Adedeji acknowledged the ongoing tax reform efforts led by the Presidential Fiscal Policy and Tax Reforms Committee, stressing that “we must begin to look ahead to how these reforms will impact revenue authorities across all government levels”.
Tax Reforms panel proposes 1% ‘Cost of collection’ for Customs, FIRS, NPA, others. He expressed confidence that diligent implementation of innovative approaches could lead to a monthly IGR target of N5 billion for Niger state.
Governor Mohammed Umar Bago of Niger State, represented by Mustapha Ndajiwo, the Commissioner for Budget and National Planning, presented a case study of successful IGR improvement in the state.
Ndajiwo revealed a rise in Niger State’s IGR, with an average monthly collection of N2,621,710,688.94 between January and May 2024, compared to N1,806,280,088.25 in the same period last year. May 2024 alone saw a collection of N3,508,389,805.20, representing a 45 per cent increase.
Ndajiwo attributed this growth to three key strategies: Niger State implemented strategic reforms and innovative approaches to tax collection. The state prioritized transparency, efficiency, and taxpayer education and Niger State actively collaborates with the Joint Tax Board, a forum for tax authorities across all government tiers. This collaboration allows for the exchange of ideas, best practices, and solutions to shared challenges in tax administration and revenue optimisation.
Governor Eno has named his daughter as the acting First Lady. Glamtush reports that…
Bldr. (Dr.) Abdulhakeem Odegade will be celebrateing the New Yam Fesrival with Igwe Onyeocha. …
Lagos is set to ban single-use plastics and sachet water from January 2025. Glamtush reports…
Google has unveiled a new report highlighting the digital opportunity in Nigeria. Glamtush reports…
The court has bared the VIO from stopping and impounding vehicles. Glamtush reports that Justice Evelyn Maha,…
Senator Jonathan Zwingina is dead. Glamtush reports that a former Senate Majority Leader, Jonathan…