Internally Generated Revenue
Customs rakes N7.6bn IGR in three, apprehends smugglers of contrabands in Kano
The Kano/Jigawa Command of the Nigerian Customs Service (NSC) has declared the sum of N7.6 billion as Internally Generated Revenue (IGR) recovered between January and March 2021. The revenue generated within the period under review as against the N3.8 billion, a hundred percent increase recorded within the same period in 2020. The Kano/Jigawa Area Controller,…
Borno introduces new taxes to boost IGR
Borno State Government has introduced three new taxes in the transport and business sectors to boost its economy.
Lalong launches revenue drive to boost IGR
Governor Simon Lalong of Plateau on Tuesday launched an accelerated revenue drive across the 17 local government areas of the state to improve Internally Generated Revenue (IGR).
Lack of political will, responsible for tax evasion
The absence of political will and commitment, to enforce tax laws has placed undue burden on the country’s oil revenue. Also, failure to review tax legislation and lack of strict adherence to tax policy...
Oyetola sets up committee to boost revenue from forests
As part of efforts to boost the state’s revenue through forestry, Gov. Gboyega Oyetola of Osun has set up a six-man committee to reposition the sector. Mr Adeniyi Adeshina, the Chief Press Secretary to the governor, made this known in a statement on Sunday in Osogbo. Adeshina said that the committee headed by Prof. Bayonle…
Abia leads South East states in revenue fall
Abia, Anambra, Ebonyi and Enugu states have emerged among the eight states in the country that recorded decline in Internally Generated Revenue (IGR) between January and June 2018.
Lagos declares N103.5b IGR in first quarter
The Lagos State Commissioner for Economic Planning and Budget, Mr. Olusegun Banjo, has said that the state government recorded Internally-Generated Revenue (IGR) of about N103.5 billion for the first quarter of 2018 as against N96.8 billion generated last year. Banjo stated this yesterday during the ongoing 2018 ministerial press briefing to commemorate the third anniversary…
Edo Govt will explore cultural heritage to increase IGR
Edo Government says it will explore the state cultural heritage to increase the Internally Generated Revenue (IGR) in all the 18 local government areas. The Deputy Governor, Mr Philip Shaibu, made the assertion on Monday in Benin while unveiling the logo of Edo Festival of Arts and Culture. Shaibu, represented by the Commissioner for Arts,…
Merging of government’s agencies
With over 600 parastatals, with quite a number of them duplicating efforts, coupled with the economic realities of the day, the time has come for a re-visit to the Steve Oronsaye Committee Report which had suggested a pruning down to about 110 agencies only.
How banks drive state IGR through technology
Nigerian, Africa’s most populous country has been experiencing economic turbulence since late 2014, when its yearly Gross Domestic Product (GDP) growth rate dropped from 6.22 per cent to 2.79 per cent in 2015.