Home News OGIRS 2021 REVENUE TARGET IS TIMELY – ABIODUN

OGIRS 2021 REVENUE TARGET IS TIMELY – ABIODUN

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Ogun State Internal Revenue Service’s (OGIRS) plan to generate N75b in 2021, has been described as timely and appropriate for the government, which would enable it to cope with the financial expenses in the provision of social amenities for its citizenry.

The State Governor, Prince Dapo Abiodun said this at the Treasury Board meeting on 2021-2023 Medium Term Expenditure Framework (MTEF) and 2021 Budget at Oba’s complex, Abeokuta.

He said the State would need a hype in its revenue generation to augment funds from the federal allocation and ease payment of minimum wage, urging the OGIRS team to put in their best and fashion out ways to meet the agency’s target.

“What we expect from your team at this point in time is that you should fashion out how we can move out of this turbulent period when Federal Government allocation is reduced, when we are committed to paying minimum wage”, he said.

Earlier, the OGIRS Chairman, Mr. Anthony Olaleye while making his presentation at the meeting, said an automated response, as well as a vigorous implementation of the residency rule of taxation have been identified as important measures to achieve the revenue target in the year 2021.

Olaleye explained that when all processes of assessment, collection and payment of various taxes are automated, there would be ease of tax administration and tax payers would find it easy to pay appropriate taxes in a transparent manner into the government coffer.

          He further stated that, when the residency rule of taxation is vigorously pursued, more taxable adults that reside in the State and work at border States like Lagos, Oyo, Ondo and Osun would be captured into the tax net, thereby increasing the Internally Generated Revenue.

“We are looking at how we can increase the number of our border tax team, to really go in there and know those people staying in the locations, see how we can take advantage of many people that stay in Ogun and work in other States’, Olaleye said.

He called on other Ministries, Departments and Agencies (MDAs) of government to support OGIRS, in order to build a database that would capture every resident taxable adult in the State.

Abolanle Ogunlami,

Head, Corporate Media, OGIRS

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