Abia State launched a digital method for revenue generation KossyDerrickBlog KossyDerrickEnt


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Friday, August 11, 2023

Abia State launched a digital method for revenue generation

Information reaching Kossyderrickent has it that Abia State launched a digital method for revenue generation...

The Abia State Government has launched a new digital tax system for transporters and traders to help curb fraud and increase revenue.

The state governor, Alex Otti, announced this in a statement on Tuesday, describing the digitalized tax system as “revolutionary.”

Governor Otti said the new digital tax system enables the government to fuel entrepreneurial growth and progress within the state.

“By simplifying tax compliance procedures, we have removed barriers for businesses, encourage formalisation, and stimulate investment. This initiative empowers entrepreneurs, enabling them to focus on their ventures’ growth and expansion, ultimately leading to job creation and economic prosperity for our state.

“By eliminating fraud, intermediaries, and introducing the digital platform to block leakages, we will unlock the true potential of our tax system to maximise revenue for development projects.

“The digitalised tax regime ensures that every business, large or small, contributes its fair share towards the growth of our state. With the expected increased revenue, the government can invest in infrastructure development, education, healthcare, and other essential sectors that will uplift the lives of all Ndi Abia,” Governor Otti affirmed.

“We envisage this digital platform to not only simplify tax compliance but also unlock substantial revenue for development projects, thereby strengthening our state’s economy,” Otti said.

According to him, the new digital tax system will also incorporate a free medical insurance scheme for all commercial vehicle operators.

Otti also stated that the new digital tax system will provide easy payment options for both transporters and traders, as well as promote transparency, reflecting his administration’s steadfast commitment to facilitating business operations in the state.

Speaking at the launch, Dr. Otti, who was flanked by some senior members of his cabinet, including the Chief of Staff, Dr. Caleb Ajagba; the Special Adviser on Internally-Generated Revenue, Mr. Chimereze Isaac Okigbo; and Special Adviser on Policies and Interventions, Rev Father Christian Anokwuru, said that the introduction of the new digital system will not only strengthen the state’s tax collection but would also promote economic growth and entrepreneurship in the state.

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