Thursday, 18 April 2019

Ondo State Records Highest performing IGR Growth in Nigeria (See Full List)

In what has been described as another feather to the hats of the Akeredolu’ administration, the Joint Tax Board (JTB) has rated Ondo State as the Highest growth performing state in the internally generated revenue [IGR] from the 2017/2018 Comparative IGR performance and percentage growth.

Ondo state with a population of just above 4 Million, generated the sum of N10,927,871,479.76bn in 2017, and an improved figure of N24,788,059,725.53bn in 2018 respectively, representing an annual growth of 126.83% in a space of one year.

It was also noted that Bauchi, Imo, Sokoto, Kogi, Niger, and Akwa ibom emerged top 7 earners of Self-Assessment tax across the country.
This information was made available to the public yesterday following the release of the 2017/2018 Comparative IGR performance and percentage growth by the joint tax board.

The Joint Tax Board is the umbrella body of all the tax authorities in Nigeria, which is saddled with the responsibility of promoting and ensuring uniformity, harmony and efficiency in the administration of Personal Income Tax in Nigeria as well as advice government on general tax matters.

Coming top among its counterpart in the federation, the rating is a confirmation of the state government efforts over the past two years which were aimed at charging all the revenue generating Ministries, Departments and Agencies (MDAs) to improve on their revenue generation as a way of building a strong economy base in the state.

The state of Board of Internal Revenue (BIR) has proven to be effective with its plans, which has successfully brought major stakeholders in revenue generation together to review, highlight and proffer solutions to challenges militating against optimum performance.

Upon the assumption into office as the executive Governor of Ondo State, Arakunrin Akeredolu reiterated his commitment to mapping out various strategies that are in line with the global best practices on revenue generation, and this rating is a testament of the effort of the Akeredolu led administration at improving the fortunes of ondo state.

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