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    MarketForces Africa » Uncategorized » Enugu Govt. Generates N35.9bn in 7 Months

    Enugu Govt. Generates N35.9bn in 7 Months

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 24, 2024 Uncategorized No Comments3 Mins Read
    Enugu Govt. Generates N35.9bn in 7 Months
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    Enugu Govt. Generates N35.9bn in 7 Months

    The Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Mr Emmanuel Nnamani, on Friday said the state generated  N35. 9 billion in  the first seven months of 2024.

    Nnamani disclosed this  in Enugu, while speaking at a programme to mark his first anniversary in office.

    He said the state was  able to record the feat  owing to the  machineries put in place by Gov. Peter Mbah, to boost revenue collection and block leakages .

    According to him, the revenue was generated through sales of E-TICKET, collection of Pay -As- You Earn, Land Use Charge Withholding, capital gain, consumption taxes, amongst others.

    “We can say that in seven months of 2024, the state has recorded N35. 9 billion in Internally Generated Revenue (IGR) ,compared with N33.9 billion recorded for the whole of  2023.

    “This gives us an average collection of  N5 billion every month,” he said.

    Nnamani explained that when he came on board, he introduced E-ticketing for collection of taxes from the informal sector ,capturing  markets, transporters ,artisans and others.

    He described E-ticketing as a disruptive means of  informal sector tax collection.

    The EISR boss  noted that in the informal sector, taxes were hitherto being paid to non-state actors instead of government’s coffers .

    “This year, we have recorded over N2.3 billion from the informal sector and it is an achievement.

    “We also discovered that in the core area of taxes like Pay As You Earn Tax, Withholding taxes on individuals,  only few companies remit these taxes to Enugu government,” he said.

    He further said the government had digitalised tax collection by expanding the gateway to six , including Inter Switch, Remita, E-transact, portal, and Monie Point.

    “All these are to ease our ways of tax collection and with this little effort ,our taxes have begun to rise.

    “There were dormant taxes also that we activated such as Capital Gain Tax to boost IGR generation.

    “We equally activated purchase tax ,  which had not been activated for collection. They are majorly on hotels and other support services in the state like sales of beer, cigarettes, cars and others,” he said

    He added that the government expanded  collection of Land Use Charge through activation of  Geographic Information System.

    “We have proof that the number pf properties  within  Enugu Metropolis and sub-urban are more than 290,000  and we want to make sure every single property owner pays land use charge,” Nnamani said. #Enugu Govt. Generates N35.9bn in 7 Months

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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