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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. ....

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COVID- 19: Reposition your Fiscal Revenue Management Systems, FG tells Governors


COVID- 19: Reposition your Fiscal Revenue Management Systems, FG tells Governors
On
Say this year has presented us with a perfect storm of difficulties to deal with
By Henry Umoru
 FOLLOWING the outbreak of the Coronavirus COVID-19 pandemic and its impact on the economic and fiscal revenue outlook for 2021, the Federal Government has urged the governors of the thirty-six states of the Federation to strategise and reposition their fiscal revenue management systems for this era called the ‘new normal’. 
According to the Federal Government, with the impact of COVID-19, the revenue outlook for 2021 depends on the willingness of State governments to embrace the right tools, technology, and strategies to transform, enhance as well as strengthen revenue growth and sustainability, and adopt what it termed, cost optimization plans.  ....

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