Consulting firm charges govt on electronic payment system

Intermarc Consulting, has urged the Federal Government to do everything with it means to encourage the use of electronic payment system in order to boost earnings, especially Internally Generated Revenues (IGR).

The firm made this call in Lagos through its subsidiary, PrepayGo Technologies, at a press conference to announce plans to host this month in Abuja, an Electronic Revenue Sustainability conference, where financial experts would be showcasing modern solutions that will help government and organisations generate and manage revenue with ease through technologies.

The Chief Executive Officer of Intermarc Consulting, Adeyinka Adeyemi, who spoke on the need for government at all levels to understand and encourage electronic payment system, said the conference, which is planned in conjunction with the Presidency, Federal Ministry of Finance, Office of the Accountant General of the Federation (AGF) and Joint Tax Board, would proffer strategies and tactics to grow revenues from all existing and new IGR resources within the federation, as well suggest effective ways of collecting such revenues electronically for economic growth.

“It provides the government and local authorities with an interactive forum to focus on the challenges faced with identifying and sourcing for IGR revenue collection, management and accountability across the continent. The need for federal, state and local governments to generate adequate revenue from internal sources has therefore become a matter of extreme urgency and importance. This need underscores the eagerness on the part of governments to sustain the traditional areas of taxation through IGR, as well as look for new sources of revenue in an innovative manner in order to grow revenue base and reduce loss,” Adeyemi said.