Niger increases IGR benchmark to N1.5bn monthly new

The Internal Generated Revenue (IGR) of Niger State has been pegged at N1.5 billion monthly.

The new Chairman of the Niger state Internal Revenue Board, Alhaji Mohammed Madami Etsu, who disclosed this to reporters in Minna, said the state had generated N1.1 billion in May but has the potential to up this to about N2 billion monthly.

Etsu stated that the revenue collection in the state is five to ten years behind most of the states who have been doing well in terms of revenue.

“Niger state has been generating about N600 to N700 million monthly in the past one year. I was appointed in May but resumed in June but I have been making efforts to change this trend.

“As of today, based on our last revenue collection, we had crossed over N1 billion which is an improvement of over N300 million in April.

“Niger has the potential of generating N2 billion monthly but I will not be too ambitious, that is why we are pegging the monthly IGR at N1.5 billion monthly for the rest of the year.

“In May, we made N1.1 billion, this is why I am projecting N1.5 billion average monthly until we improve it to N2 billion which we have a potential to generate compared to other states, ” he said.

The Chairman of the Revenue Board said the state has not had any proper structuring of the revenue collection adding that the state has commenced the tax automation process to digitalize the tax collection system in the state.

“Most of the states that have succeeded is because of the automation of the tax administration system. In the last few days, we have commenced the tax automation process.

“All streams of revenue from all sources within the state that should be collectable as IGR will be automated. This will reduce the human interface to the barest minimum because that is where the leakages come from and within a few months of automation, we hope to see an upward spring of revenue collection,” he said.

Leave a Reply

Your email address will not be published. Required fields are marked *