Cross River IGR increases by 209%

From Aniekan Aniekan, Calabar

Chairman of the Cross River State Internal Revenue Service, Edwin Okon, has said that the state’s internally generated revenue has increased by 209 percent in the last 18 months.

He disclosed this in Calabar during the commissioning of the newly remodelled Calabar Internal Revenue Service (IRS) Tax Office.

The chairman emphasised that the  milestone was attributed to enhanced efficiency and strategic reforms rather than an increased tax burden.

Giving more details of the feat, he said: “Cross River’s Internally Generated Revenue (IGR) surged from N22 billion to N46 billion.

“IRS’s 2024 revenue target was initially set at N36 billion but was later raised to N45 billion due to their exceptional performance.

“We are committed to surpassing this target in the coming year,” the IRS chairman added.

The Finance Commissioner, Michael Odere, reaffirmed the state’s commitment to financial efficiency, technological innovation, and improved taxpayer services.

He attributed the significant revenue growth to a series of strategic reforms, automation of revenue collection, and the dedication of the Cross River State IRS team.