Rivers State Governor, Nyesom Wike, has announced that the State
Government will soon commence the operation of Treasury Single
Account (TSA) to boost its revenue base.
Governor Wike also charged the Rivers Internal Revenue Service
(RIRS) to grow the state’s monthly Internally Generated Revenue
(IGR) to N10 billion.
He spoke yesterday, during the flag-off of Informal Sector Tax
Drive with vehicles donated by Access Bank Limited at the
Government House, Port Harcourt.
He said: “We will initiate the Treasury Single Account to block
revenue leakages. I assure that very soon the Treasury Single
Account will become operational.
“The Treasury Single Account will be implemented to checkmate
what is presently going on. It is not good to have several accounts
which lead to unnecessary leakages.
“Our revenue base fluctuates. The board has been directed to
expedite action for the state to hit N10 billion internally
generated revenue every month”, he stated.
Governor Wike explained that the Treasury Single Account would
be diligently implemented in the interest of Rivers State.
He said that his allegiance was to Rivers people who voted him,
because he was not sponsored by any group.
He urged the informal sector to support the state government by
paying their taxes as prescribed by the Rivers Internal Revenue
Service (RIRS).
“The drive for informal sector tax is key. I believe it will
boost our revenue base and we need it”, he said.
He thanked Access Bank Limited for supporting the revenue drive
of the state with the donation of 10 buses.
Chairman of Rivers State Internal Revenue Service (RIRS), Adoage
Norte, said that the flag-off of the informal sector tax drive
would ensure that informal sector entrepreneurs pay their
taxes.
He said that at present, the informal sector has not been paying
taxes, adding that the flag-off will unlock the tax potentials of
the informal sector.
Norte lauded Access Bank Plc for supporting the informal tax
drive of the Rivers State Internal Revenue Service with the
donation of 10 buses.
He said the buses would be used across the state and added that
the Service was also in dire need of branded kiosks for point of
sales transactions.
He suggested the operation of Treasury Single Account to
optimize revenue generation in the state.
A representative of Managing Director of Access Bank Plc, David
Tinad, thanked the state government for the opportunity to partner
on revenue generation.
He assured the Rivers Government that Access Bank Plc will
continue to support efforts by the government to improve its
revenue base.
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