The Ekiti government says it has increased its monthly internally generated revenue (IGR) from N650,000,000 to over N1 billion without raising taxes.
The state chairman of the Internal Revenue Services (EKIRS), Olaniran Olatona, disclosed this at a news conference on Friday in Ado-Ekiti.
Mr Olatona said that before he assumed office, the state ranked 35 out of the 36 states and the Federal Capital Territory (FTC) in indices of states with poor IGR.
“But in the last ranking, we have moved up to 25th position, which to us is a remarkable achievement.
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“We are not allowing this to get to our head as we are still working hard to make sure we are in the one-unit position on the ladder,” he said.
The EKIRS boss said the state government has resolved to harmonise its tax collection to provide a friendly environment for businesses to thrive.
Mr Olatona described revenue harmonisation as crucial to attracting investments and promoting economic prosperity.
He said, “We are about 85 per cent done with the harmonised billings, and by 2024, a large number of taxes will be harmonised to enable business owners to have a bill encompassing all taxes to be paid.
“Our aim is that taxpayers in Ekiti get a document as well as business owners that harmonises all the taxes expected of them to pay.”
(NAN)
