BIR targets 40% IGR increase in 2018 - The Hope Newspapers
 

BIR targets 40% IGR increase in 2018

Admin 24 Nov, 2017 News

By Fatima Muraina
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Ondo State Board of Internal Revenue (BIR) has said that it will grow the state Internally Generated Revenue (IGR)  by not less than 40 percent compared to what it generated this year.

The acting chairman of the Board, Mr. Bunmi Alade who made this known in an interview with The Hope in Akure, the state capital said that, the target is aimed at ensuring that the state government meets its expectations on delivering dividends of democracy to the people at the grassroots.

He noted that the board will ensure that all the revenue generating Ministries, Departments and Agencies (MDAs) live up to expectation to drive revenue in their different organisations.

Alade, who explained that the target of IGR is basically of the Ministry of Economic Planning and Budget disclosed that the budget of this year was put at 15 billion naira but that the state was able to make above eight billion naira.

“We are really looking at it that we should make at least about 11 billion naira before the year runs out even though  that is not good enough”

” We are looking at it that the level of disposable income of individuals in the state might be a major factor bearing in mind the drop in the Federal allocation which usually have a multiplier effect on activities of the state”, he said.

Speaking on how realistic is the increment, particularly during the recession period, Alade noted that a major consultant would  be brought to the state to deploy a software that will assist in revenue drive.

He however called on the revenue generating MDAs to be more alive , more proactive and more realistic in the request for bringing in people, but make effective use of those on ground due to limiting factor  of fund to pay them.

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