Akwa Ibom Targets N60bn IGR In 2024

Akwa Ibom State Internal Revenue Service (AKIRS) is targeting N60 billion internally generated revenue (IGR) in 2024 in a determined effort to surpass the current record of N35 billion garnered in 2022.

In a bid to fashion out a way of addressing the revenue generating deficiency, the tax agency at the just-concluded one-day strategic action plan event aimed at meeting the N60 billion IGR target for 2024, resolved to launch an aggressive tax drive.

According to the recent peer review by the National Bureau of Statistics (NBS), Akwa Ibom State generated about N35 billion IGR in 2022, and ranked 10th on the states’ IGR table released by the agency in October 2023.

Some of the plans for achieving the target at the meeting presided over by the executive chairman of the board, Mr Okon Okon, include massive tax sensitisation campaigns, full automation and digitisation of tax processes, strategic capacity building, expansion of tax-payers’ database and leveraging Akwa-GIS for land-related revenue.

The forum noted that “AKIRS had intensified its tax sensitisation campaigns in Q4 of 2023 through roadshows, radio programmes, media briefings, and inauguration of tax club at the University of Uyo, among other strategic enlightenment programmes,” and resolved to up the campaigns to meet up the 2024 target.