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Rivers targets N15b monthly IGR


The Rivers  State  Government  said   it   was  targeting   to  generate  the  sum of N15 billion  as  Internally  Generated Revenue (IGR).

The state  was  generating  an average  of N6 biilion  per   month,   until  recently that   the  Internally  Generated  Revenue  moved  to   over N9 billion.

Executive Chairman, Rivers  State  Internal  Service, Chief  Adoage  Norteh,  who spoke   in his office in Port Harcourt,  said  measures  were  being  put  in  place  to achieve  the set goal.

Part  of   the  measures, according  to him, includes, the  ongoing harmonisation/numeration process, digitalisation  of   the  operations of  the revenue service, as well as  blocking the loopholes,   which   the touts  took advantage of  in  the past,  to  defraud  the government and  members  of  the public.

He   explained   that    the   current  administration’s  tax-friendly   posture  was aimed  at  achieving  voluntary  compliance  from  residents  and  investors.

Norteh said: “We have made a modest improvement over what  we met on ground.  But we are yet to tap the tax potentials of the state very well. We have moved from N6billion plus  to N8billion plus,  and in another   month, N9billion plus. I can say  that  what  we  have  done  in the last three months so far, is  more  than what  we  got in the last  10  years.”

He frowned  at   the situation  where  people  evade tax, insisting that   Rivers government   made   it possible  for  moderate  tax payment  by  residents; adding that  part of  the  reason was  to  ensure  prompt payment  and  easy collection. “A tax that  is made too high is uncollectable,” he said.

The Executive Chairman therefore, appealed   to  individuals, institutions, corporate  bodies  and professionals  to pay their  tax, adding that the long arm of the law would catch up  with  defaulters. He also advised members of the public not to regard tax officials  as enemies.

“Come forward and pay your tax. There is no need to chase you about, some people fear the word, tax. It is statutory, you are mandated by law to pay tax. Since you are earning income, you are required by law to pay tax,” he said further.


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August 2017
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