Chidi Tony/ Akwa Ibom State internal Revenue Service said it is targeting to generate over N43.8bn as it Internally generated Revenue for the 2022 fiscal year.
The executive chairman of the Service, Mr. Okon Okon who disclosed this on Friday while speaking at the 2022 Strategy Session held at Helemah Event Centre, Uyo, assured that the organization would design strategies to deliver on the target and possibly improve on it.
He said the organisation’s focus for the year under review will cover such areas as Data/Analytics,Tax Intelligence
Automation/Digital Capability,Capacity Building, New Streams,Maritime/Oil & Gas, Re-structuring to improve Efficiency
According to him”The State-wide IGR target this year (2022) is ₦43.8 billion. As I said during the public hearing on the 2022 Budget at the House of Assembly, let me reiterate that we will at this session design strategy to ensure that we deliver on this target and invariably improve our commonwealth, development and prosperity”
He stated that the main focus last year was on implementing version 2.0 of it corporate transformation agenda code-named REVITA (Revenue and Institutional Transformation Agenda).
According to him the agenda saw massive investment in the training of staff, engagement of revenue stakeholders and strengthening the Joint State Revenue Committee in a bid to ensure optimum collection of taxes in the State.
He said “Our workforce – our greatest assets, took part in trainings for state-level tax administration organized by USAID with a focus on tax law and related reforms.
“They also took part in annual tax conference, mandatory professional training programmes and the Joint Tax Board training. We also trained Assessment Authorities and Motor Licensing Authorities on direct and road taxes assessment, respectively.
” In keeping with our commitment to ensuring that enough revenue is generated for the completion agenda of His Excellency, Governor Udom Emmanuel, we collaborated with the Federal Road Safety Corps, Ministry of Transport and security agencies in the State to carry out enforcement of road taxes. During that week-long enforcement exercise, our team deployed technology in the verification of motor licenses and that effort yielded tremendous positive results”.
added the Service engaged businesses and persons in the informal sector with a view to growing various segments of the taxpayers’ database.
He said that the result of the first 3 quarters of the year has shown strong resilient of the subnational economy to deliver reasonable amount of IGR despite all the odds and unfavourable economic conditions that were prevalent in 2021.
While thanking Governor Udom Emmanuel’s led administration for it support and encouragement which have significantly boosted the collective morale and energy to work towards meeting the IGR objectives of the State, Okon called on all the staff to show commitment in order to meet the set target.