The Abia State Governor, Dr. Alex Otti on Monday launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation.
The new system, which integrates free medical insurance schemes for all commercial vehicle drivers and riders of Keke and Okada, will see the state also maximize its revenue potential, the governor says.
Chief Press Secretary to the Governor, Kazie Uko in a statement said at the launch, Dr. Otti, who was flanked by some senior members of his cabinet, including the Chief of Staff, Dr. Caleb Ajagba; the Special Adviser on Internally-Generated Revenue, Mr. Chimereze Isaac Okigbo; and Special Adviser on Policies and Interventions, Rev Father Christian Anokwuru, said that the introduction of the new digital system will not only strengthen the state’s tax collection but would also promote economic growth and entrepreneurship in the state.
“By simplifying tax compliance procedures, we have removed barriers for businesses, encourage formalization, and stimulated investment. This initiative empowers entrepreneurs, enabling them to focus on their ventures’ growth and expansion, ultimately leading to job creation and economic prosperity for our state.
“By eliminating fraud, and intermediaries, and introducing the digital platform to block leakages, we will unlock the true potential of our tax system to maximize revenue for development projects.
“The digitalized tax regime ensures that every business, large or small, contributes its fair share towards the growth of our state.
With the expected increased revenue, the government can invest in infrastructure development, education, healthcare, and other essential sectors that will uplift the lives of all Ndi Abia,” he quoted the Governor as saying.