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Economy

Nasarawa IGR hits over 40bn as new measures underway to boost revenue

Chairman of the Nasarawa State Internal Revenue Service, Alhaji Ahmed Yakubu Muhammad, announced that, so far, the board has altogether recovered an unprecedented 40bn, with another 8 to 10bn in the process of being recovered.

He made this known when he visited the Governor, Abdullahi Sule at Government House, Lafia to update him on another milestone attained by the board towards improving internal revenue generation.

Recalled, Alhaji Muhammad introduced the new point of sales (POS) developed by the board to ease revenue collection, specialized adhesive stamps, automated process and procedures of revenue collection from Keke Napep and other motorized vehicles, as well as cameras for plate number detection.

According to the Board Chairman, since his coming into office in March 2018, he has undertaken deliberate steps to reposition the board despite challenges associated with operational vehicles, inadequate staff and in conducive working environment.

“We have increased monthly IGR from N500m when we came in to N1.4bn as at September this year. We have also increased the revenue by introducing new taxes such as pools betting and casino, gaming development levy, individual capital gain tax, property tax, withholding tax on rents,” he stated.

The Revenue Board Chairman commended the Governor for introducing broad reforms that is assisting the board generate more IGR, particularly the passage into law of two major enablers, the Nasarawa State Central Billing System, as well as the State Harmonization and Administration Law.

He, however, made a case for the board to be made self-autonomous as obtained in most thriving revenue States in the country, stressing that if granted the 5 percent cost of collection, the board will be self-sufficient and self-reliant.

Alhaji Muhammad equally appealed to government to promptly address the problem of office accommodations by rehabilitating the Revenue House.

He assured the Governor of the determination of the board to do more in order to take the IGR of the State from the 3bn target to 5bn.

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