Bauchi State is one of the success stories when matters of IGR are discussed – FIRS Boss
The Bauchi State Government under the leadership of His Excellency Governor Mohammed A. Abubakar hosts the 142nd meeting of the Joint Tax Board (JTB) themed: ‘Consolidated Credible Database and Exchange of Information: Role of Stakeholders’.
In his remarks at the opening ceremony of the meeting, Governor M.A Abubakar called on state governors to ensure automation of their revenue authorities in order to improve Internally Generated Revenue (IGR).
“The place of tax as the major thrust of economic growth is unquestionable since time immemorial.
“It is the first principle that defines an organised society.
“It is therefore disheartening that at this age where the cost of running government and provision of services is huge as a result of population growth, that some businesses and individuals still evades taxes.
“It is largely a question of patriotism. To build the Nigeria of our dream we must as citizens and as government show a great deal of patriotism in the discharge of our civic responsibilities.”
Also speaking at the occasion, Chairman of the Bauchi State Internal Revenue Service, Alhaji Jibrin Jibo, said the state was able to improve its revenue collection as it has automated collection platforms, streamlined activities with other revenue generating agencies, and plugged revenue leakages.
Earlier speaking, the FIRS Boss and Chairman Joint Tax Board (JTB) Mr. Babatunde Fowler celebrated the marked increase in revenue generation in Bauchi State, where the governor, Mohammed Abdullahi Abubakar, launched payment of taxes through Automatic Teller Machines (ATM) and through its website.
The new e-payment system is being powered by Interswitch.
The JTB Chairman disclosed that the Internally Generated Revenue of the state has risen from about N4 billion to over N7 billion annually.
“You may wish to note that Bauchi State is actually one of the success stories when matters of IGR are discussed, both at the regional and at the national levels.
“Your Excellency may wish to note a few of the impressive statistics on IGR collection of Bauchi State. Computation of IGR collection for Bauchi State for the nine-month period January to September 2018 hit N7.04 billion.
This figure has already outperformed the full year 2017 IGR figure of N4.36 billion with a percentage margin of 61.2%.
“Average quarterly growth rates for Bauchi as at Q3 2018 is 10.01%, which places it among the top ten highest average quarterly growth rates nationwide for the period.
At the regional level, Bauchi State is actually setting a healthy pace for the region as her 9-month collection in 2018 is just over 26% of the entire IGR collected by the Six States within the region,” Fowler said.