The Abia State Governor, Dr Alex Otti, on Monday, launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation.
In a statement by Kazie Uko, Chief Press Secretary to the governor said the new system, which integrates a free medical insurance scheme for all commercial vehicle drivers and riders of Keke and Okada, will see the state also maximise its revenue potential, according to the state’s Chief Executive Officer.
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. “By simplifying tax compliance procedures, we have removed barriers for businesses, encourage formalisation, and stimulated 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, and intermediaries, and introducing the digital platform to block leakages, we will unlock the true potential of our tax system to maximize revenue for development projects.
“The digitalized 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,”.
“By simplifying tax compliance procedures, we have removed barriers for businesses, encourage formalisation, and stimulated 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, and intermediaries, and introducing the digital platform to block leakages, we will unlock the true potential of our tax system to maximize revenue for development projects. “The digitalized 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. He declared that the free medical insurance scheme component of the new digital tax payment system is a fulfilment of his campaign promise to create an affordable health care delivery “for our people across all sectors and segments” of society. The new digital tax system essentially aims at sanitizing revenue generation in the transport sector and the markets. While the Permit to Operate Tickets targets those in the transport business, the Innovative Traders Tax Payment aptly targets traders in the market areas.
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