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Governors to Stop Tax Collection Concession as States Revenues Decline

Chuks Okocha in Abuja Governors of the 36 states of the federation have resolved to stop contracting collection of taxes to consultants, saying the huge commission being paid out to contractors would help swell the states’ internally generated revenue (IGR). Chairman of Nigeria Governors’ Forum (NGF), Dr. Kayode Fayemi, who is also the governor of Ekiti State, said yesterday the planned review of the policy on revenue collection by states was part of reforms being considered to boost the financial outlook at the sub-national level. Many states, notably Lagos, have contracted their revenue-collection duties to consultants despite having internal revenue collection agencies.

Governor seeks modification of Fed Govt s Finance Bill 2020 to benefit states

Governor seeks modification of Fed Govt s Finance Bill 2020 to benefit states
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The NGF Chairman, however, said that despite the overall decline, some States recorded positive growth. He stated that three States in the category were Ebonyi, Gombe and Yobe which recorded more than 50% in growth. He said: “This year has presented us with a perfect storm of difficulties to deal with – from a health pandemic to the second economic recession in five years. “At the wake of the COVID-19 pandemic, the Forum worked with the federal government, international partners, and the private sector to deliver the necessary response needed to contain the virus and ease out its impact on the lives of our citizens.

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