Niger government recovers 300 million naira in tax payment from commercial banks, AEDC

The Nigerian government said it had recovered around 300 million naira as a tax payment from some commercial banks and the Abuja Electricity Distribution Company (AEDC) that owed the state government.

Chairman of the State Internal Revenue Board, Mr. Mohammed Etsu made the revelation when he appeared before members of the State House of Assembly during the plenary session last Thursday in Minna.

Recall that the legislator had, on February 15, invited the president to appear before the plenary to explain the strategies employed to improve the internally generated revenue (RGI) of the State.

He explained that the commercial banks and AEDC which were commercial enterprises owed the state about 500 million naira in taxes, adding that the banks and AEDC office had been sealed off by the board. for non-payment of taxes.

Etsu said the banks and the DISCO/company were able to reduce their debts by N300 million as a result of the compliance actions taken against them.

He, however, said that the council has taken steps to improve the IGR of the state through human reorganization, lack of skills, introduction of an integrated tax administration system, compliance and application, taxpayer service and online customs clearance.

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He further disclosed that more than 70% of council staff are executives, pointing out the need to employ junior staff for effective tax collection.

He noted that the state’s monthly revenue generation had increased from 500 million naira to around 1 billion naira, adding that the council had launched a private member’s bill for the amendment of the Revenue Act. to strengthen the board.

In his contribution, Member, representing Mokwa Constituency, Hon. Abdullahi Garba, lamented that most of the neighboring states generate about 2-3 billion naira per month, adding that the state is blessed with resources to generate over 1 billion naira.

He urged the council to explore all potentials and the state to improve the RMI, adding that most Ministries, Departments and Agencies (MDAs) were not functioning due to insufficient access to funds.

Speaker of the House, Rt. Hon. Abdullahi Bawa Wuse, called on the Internal Finance Committee to assist the Chair and meet with relevant stakeholders, consultants hired by MDAs to learn about their challenges with a view to coming up with a solution on how to improve the RMI.

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