Borno introduces installment payment, records N1.2b IGR in 14 days

Date:

Share post:

As part of its reform, Borno State Internal Revenue Service has introduced instalment payment to encourage tax payment.

It also digitalized payment system through banks and point of sale, POS operators.

This was disclosed by Professor Bello Ibrahim, chairman of the state revenue board in a press briefing on Friday in Maiduguri, capital of the state.

‘With the new reform strategies and mobilization as well as advocacy and public enlightenment programs in radio and television stations , tax prayers confidence and trust has increased alongside regular payment of their taxes in all the three categories of tax payments comprising of personal tax, business premises tax and trade tax which are all being paid installment at ease and grace or relief of three times per annum with 50% first or initial tax payment and subsequently, 25% payment twice before the year runs out and to begin a new payment procedures

‘The board has also digitized and mapped out all its revenue generating centers and screened all the locally generated revenues collectors and ad hoc staff by way of cross examining the total number engaged to mobilize, monitor and collect revenues physically by the past management of the board, dropping about 25% of the casual staff to sensitize the manpower and sanitize the system,’ Ibrahim said.

According to him, the reform has been paying off.

In less than two months (January to February 14, 2024) the board generated over N2.2 billion.

Out of which, he said, ‘N1. 2 billion was generated within 14 days.’

He explained that in 2023 also, the board generated N19.4 billion from ministries, departments and agencies as well as the 27 local government councils of the state in 2023.

He called on the citizens of Borno to have confidence and trust in the administration of Governor Zulum on local revenue generation, projects and programs execution and implementation.

The chairman also commended the effort of the governor for the 2024 budget.

He described the budget as promising and a challenge for the internal revenue generation institutions to be able meet up with the budget expectation.

He thanked his staff and all taxpayers for their support and cooperation to the board.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Ex-Taraba Gov Gave me $5000 to Relocate to Lagos to Avert Arrest by EFCC—Witness

A Prosecution Witness, Ismail Lawal has told a Federal Capital Territory (FCT) High Court in Abuja that former...

Nigerian troops foil insurgent attack in Borno

Operation Hadin Kai troops deployed in Kawuri, Konduga Local Government Area of Borno State, successfully repelled an insurgent...

Yobe Hosts 5th Lake Chad Governors Forum

The Yobe State Government is set to host the fifth Lake Chad Basin Governors’ Forum meeting from January...

Police detain bandit’s kingpin, recover arms in Yobe

The Police Command in Yobe says it has arrested a suspected bandit’s kingpin in Ngalda, Fika Local Government...