C’River IRS Achieves Significant IGR Growth in 90 Days, Hosts Tax Workshop with Industry Experts

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…grows IGR from 1.6 Billion Naira to 2.7 Billion Naira in 90 days.

 

In a remarkable feat, the Cross River State Internal Revenue Service (CRIRS), under the leadership of Acting Chairman Prince Edwin Okon, has achieved a substantial increase in the state’s Internally Generated Revenue (IGR). In just 90 days, the IGR has surged from 1.6 billion Naira to an impressive 2.7 billion Naira. NEGROIDHAVEN learnt that to further enhance revenue generation practices, the CRIRS is hosted a one-day workshop titled ‘Growing a Sustainable Revenue and Tax Base in Cross River State,’ in collaboration with Lani Consulting.

The one-day workshop which held on Thursday, 21st September 2023, took place at the Diamond Ballroom, Transcorp Hotels, Murtala Mohammed Highway, Calabar, commencing at 8:00 am. This initiative aligns with the Cross River State Government’s commitment to improving the state’s revenue profile following international best practices.

The workshop, themed ‘Growing a Sustainable Revenue and Tax Base in Cross River State,’ featured discussions on crucial topics, including tax audits, tax investigations, human capital development, emotional intelligence, and the role of technology in revenue generation. The event provided a platform for networking and knowledge sharing among key stakeholders in the tax ecosystem.

The Executive Governor of Cross River State, His Excellency Senator Prince Bassey Otu, served as the Special Guest of Honour. The keynote address was delivered by Mr. Babatunde Fowler, former Executive Chairman of the Federal Inland Revenue Service (FIRS). The Acting Executive Chairman of CRIRS, Prince Edwin Okon hosted the event.

The workshop is a part of Lani Consulting’s Corporate Social Responsibility Thought Leadership Series and is powered by the Cross River Internal Revenue Service. It has received support from prominent organizations, including Lani Group, Nugi Technologies, PricewaterhouseCoopers, and PAYTALK.

The Cross River Internal Revenue Service, under the leadership of Acting Chairman Prince Edwin Okon, has demonstrated a remarkable achievement in boosting the state’s IGR within a short period. This development showcases the government’s commitment to improving revenue generation for the benefit of its citizens.

Stakeholders admitted that the workshop represents a significant step towards fostering sustainable revenue growth and tax administration in Cross River State. It is expected to provide valuable insights and expertise that will contribute to the state’s economic development and financial stability.