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We’ve initiated policies for steady economic growth – Cross River government 

The Cross River state government says it has initiated far- reaching principles and policies that have triggered steady revenue growth in the state.

The executive chairman of the state Internal Revenue Service (CR-IRS) Prince Edwin Okon, said this in Calabar, Thursday, during a chat with journalists. 

He stated that the principles and policies the state has imbibed included improved staff welfare, robust and expanded taxpayers and stakeholders engagements, improved and robust automation system to block leakages, as well as a well-coordinated administrative restructure.

Prince Okon, the 10th chairman of CR-IRS who marked one year in office recently, noted that from paltry average monthly revenue of ₦1.7 billion and ₦1.8 billion when the current administration took over last year, the revenue base of Cross River has increased to over ₦32.4 billion, representing 62 percent growth, at the end of May, 2024.

The chairman expressed optimism that the state’s revenue potentials would be fully harnessed and an average of ₦5 billion revenue would be generated monthly in 2025 with expected total revenue of ₦60 billion.

He stated that projections of ₦70 billion and ₦80 billion for the years 2026 and 2027 respectively would be realised.

“The IRS is leveraging on the automation of its solutions partners; NUGI Technologies and Pay Talk Ltd to reduce pots of revenue leakages as well as roll out a dependable billing system across Ministries, Departments and Agencies (MDAs) to give clear and full revenue reporting, accounting and transparency,” he said.

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