Cross River state has witnessed an increase in revenue from N22 billion as of December 2022 to N31.4billion at the end of December 2023; representing a 56% growth YoY (Year on Year).
Cross River State also now ranks in top 15 states in the Federation in internal revenue generation.
Suffice to mention that the State was able to achieve a 92% revenue performance against budget upon assumption of office between June and December 2023; when compared to the 67% against budget between January and May 29, 2023.
Another major achievement recorded by the CRIRS has been the generation of revenue amounting to N7.86billion from the MDAs in 2023 compared to average of N3.2billion in the past 7 years indicating over 100% increase.
The above feat has been achieved due majorly to the support of the governor and strategies and innovations introduced by the new Management Team of the Service headed by the Executive Chairman, Prince Edwin Okon.
The service continues to work on blocking of leakages, reconciliation of unreported revenues, increased oversight functions, regular engagement with taxpayers and robust staff training and awareness campaign amongst others. All to ensure improved revenue generation to meet the government set target and goals. The service also continues to tighten controls to reduce multiple taxation, and harmonise Local government and State taxes/levies to ensure improvement of ease of doing business in the state.
