Cross River State government has set a monthly Internally Generated Revenue (IGR) target of N10 billion as its Internal Revenue Service (CRIRS) kicks off a two-day strategy session.
This ambitious goal will be driven by the implementation of a new tax law, which is expected to boost revenue collection.
The executive chairman of CRIRS, Prince Edwin Okon, stated this in a speech at the opening of the two-day training workshop for revenue officers yesterday in Calabar.
He said that the state had seen significant growth in IGR, from N20 billion in 2022 to N60 billion in 2025.
The strategy session aims to transition from traditional collection methods to a more strategic, data-driven approach.
Key stakeholders and revenue officers will focus on broadening the tax net, building investor confidence and ensuring that revenue growth translates into sustainable development.
The new tax law is expected to provide a framework for optimising revenue at the subnational level.
Meanwhile, CRIRS has also begun a “train-the-trainer” awareness campaign to educate citizens on the new tax legislation.
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