Ondo State Revenue Board Records Highest YoY IGR Growth in Nigeria

Must Read

PepsiCo Elects Segun Agbaje To Board Of Director

PepsiCo, Inc. (NASDAQ: PEP) today announced its Board of Directors has elected Segun Agbaje as an independent member of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

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.

Ondo State Revenue Board Records Highest YoY IGR Growth in Nigeria

It was also noted that Bauchi, Imo, Sokoto, Kogi, Niger, and Akwa Ibom emerged top 7 earners of Self-Assessment tax across the country.

- Advertisement -

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 advising the 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 economic base in the state.

Read Also:  A Legend Returns: 2020 Toyota Supra Makes World Debut (Pictures)

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.

- Advertisement -

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.

- Advertisement -
Ondo State Revenue Board Records Highest YoY IGR Growth in NigeriaOndo State Revenue Board Records Highest YoY IGR Growth in Nigeria

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ondo State Revenue Board Records Highest YoY IGR Growth in NigeriaOndo State Revenue Board Records Highest YoY IGR Growth in Nigeria

Latest News

Adventure Still Awaits: Explore, Relax And Reconnect With VistaJet’s Safe Havens

VistaJet World presents private and safe journeys to keep discovering the world LONDON, UK - EQS Newswire - July 8,...

Shop tax- and duty-free alcohol in Singapore with attractive deals on iShopChangi without flying

SINGAPORE - Media OutReach - 8 July 2020 - There is no need to wait for your next flight to purchase tax and duty-absorbed alcohol from Singapore Changi Airport! Non-travellers can...

CIFI publishes its first standalone ESG report, highlighting five key accomplishments

CIFI implements corporate responsibilities in five key aspects, including green buildings, construction with quality, compliance and integrity, staff welfare and philanthropy HONG KONG, CHINA - Media OutReach - 8...

Infor Asia Pacific Announces Strong Partner Momentum in Southeast Asia

Expands ASEAN Ecosystem, Recruits Strategic Partners SINGAPORE - Media OutReach - 8 July 2020 - Infor, a global leader in business cloud software specialized by industry, today shared its Asia...

Infor Discusses Digital Transformation in China in Newly-Launched IDC Talk Podcast

Deep insights and rich exchange by industry experts; current environment to pave the way for growth of contactless business BEIJING, CHINA - Media OutReach - 8 July 2020 - Infor, a...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Ondo State Revenue Board Records Highest YoY IGR Growth in NigeriaOndo State Revenue Board Records Highest YoY IGR Growth in Nigeria