September 26, 2021

Plateau seeks revenue from “neglected” sources

Governor Lalong signs two financial bills into law, Friday

Officials in Plateau State say they have engaged a “reputable revenue firm” to help “harvest” revenue from previously “neglected” sources.

This comes barely a week after Government in Kaduna State introduced new taxes for male adults from age 18.

The new tax law in Kaduna mandates every adult residing in the state to pay N1,000 annually as development levy.

The Kaduna State Internal Revenue Service (KADIRS) says it would commence full implementation of the law in 2021.

Plateau State has not announced any specific source to tap from, but Nigeria slipping into a second recession in five years might cut federal revenue allocation to States, compelling a focus on internally generated revenue.

Governor Simon Lalong, on Friday signed into law two bills passed by the Plateau State House of Assembly to “strengthen” the economy of the State.

The Plateau State Revenue (Consolidated) Law 2020 and PlateauState Debt Management Department (Amendment) law 2020 will block revenue leakages and control borrowing, Lalong said.

“With the Consolidated Revenue Law in place, Plateau State is set to ensure uniformity, certainty and concord in revenue collection through a single machinery coordinated by the Plateau State Internal Revenue Service.

“With this development, Government expects its revenue to grow as it blocks leakages and also ensures that all revenue collection is automated,” he said.

The Governor added, “The new law will address multiple taxation which has been a major concern for businesses and other tax payers.”

He appealed to citizens of the State to cooperate with relevant agencies in the implementation of the law as “revenue generated will be used to implement the projects and programs that are ongoing and those that will be initiated.”