Yobe State Introduces Cashless Tax Collection System
The Yobe State government has taken a significant step towards enhancing transparency, accountability, and effective revenue management by launching a cashless tax collection system. This new system prohibits revenue agents and collectors from accepting cash payments from taxpayers.
Stakeholder Meeting Highlights New Initiative
The announcement was made by Alhaji Suleiman Bakura, Executive Chairman of the Yobe State Internal Revenue Service (YIRS), during a meeting on Ease of Doing Business reforms in Damaturu. This initiative is supported by the Presidential Enabling Business Environment Council (PEBEC) in partnership with the Nigeria Governors Forum (NGF), underscoring a collective effort to enhance the business environment across Nigeria.
Transitioning to Electronic Payment Channels
Represented by Nasir Hab Qiri, the head of information and intelligence at YIRS, Bakura explained that all future tax payments and government revenue collections must utilize approved electronic channels. These include bank transfers, point of sale (PoS) terminals, and other designated digital platforms.
Aiming for Stronger Accountability
Bakura emphasized that this reform aims to bolster accountability in revenue management, ensure comprehensive documentation of payments, and eliminate opportunities for fraud. The initiative also aims to curb revenue leakages and ensure accurate accounting of all government revenues.
Aligning with Broader Government Goals
The Yobe State government’s new cashless tax system aligns with its broader commitment to digital transformation, good governance, and enhanced service delivery. Bakura noted that this initiative is poised to boost public confidence in the government’s revenue processes, while also significantly increasing the state’s internally generated revenue (IGR).
PEBEC’s Role in Business Environment Assessment
During the event, Princess Zarah Mustafa Odu, Secretary-General of PEBEC, stated that the council is conducting a national assessment of business environment reforms initiated by various states. This exercise aims to identify challenges, measure progress, and support further reforms intended to make Nigeria’s business landscape more competitive and conducive to economic growth.
Investment Opportunities and Economic Revitalization
Hajiya Amina Galadima, Secretary of the Yobe State Ease of Doing Business Council (SABRE), spoke about the state’s achievements in revitalizing dormant state-owned enterprises. She highlighted collaborative efforts with Borno State to reposition companies like FOMA North East as viable economic assets that can create jobs and stimulate local economies.
Engagement with Potential Investors
Galadima further revealed that several potential investors are actively collaborating with the Yobe State Public Private Partnership and Investment Promotion Agency. Many of these investors have completed due diligence visits and are in various stages of negotiations to establish operations and investments in the state. The stakeholder engagement highlighted Yobe State’s commitment to fostering a transparent business environment, attracting investments, promoting private sector participation, and ensuring sustainable economic development.
