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Saturday, November 23, 2024

IRS Chief Commends Oborevwori’s 2025 Budget Estimate

Executive Chairman of the Delta State Board of Internal Revenue Service (IRS), Hon Solomon Ighrakpata has commended the State Governor, Rt. Hon. Sheriff Oborevwori for a comprehensive budget estimate of ₦936.8 billion for the 2025 fiscal year.

Reacting to the presentation of the 2025 Appropriation Bill to the State Assembly, Hon. Ighrapata said the proposed budget demonstrates the Governor’s genuine commitment to advancing urban-rural integration, enhancing human capital development, and promoting economic growth.

The IRS chief said the proposed estimates, christened “Budget of Fiscal Consolidation,” would further promote the MORE Agenda of the state government, pointing out that the governor’s good works had helped to increase internal revenue in the state.

Ighrapata noted that the projected Internally Generated Revenue (IGR), again emphasized the need for continued reforms in revenue collection and plugging of leakages, noting that the state government will continue to make judicious use of collected revenues.

While acknowledging that the proposed budget will stimulate economic growth, particularly in the non-oil sector, the IRS Executive Chairman expressed optimism about increased employment opportunities for the youth as jobs would be created.

On infrastructure development, Ighrapata appreciated the huge allocation for critical road infrastructure, saying that the impact of good infrastructure on the state’s economic development and citizens’ quality of life cannot be overemphasized.

He commended the governor’s commitment to fiscal discipline and ensuring that the state spends only what it can earn within a period.

Ighrapata expressed optimism for improved revenue collection, stating that new strategies will be adopted to enhance IGR, including more stakeholders’ engagement, professionalizing revenue collection processes and leveraging on technology.He stressed the need for all to embrace voluntary compliance, even as he encouraged taxpayers to voluntarily comply with tax regulations, emphasizing the importance of the state’s development.

The former lawmaker and then Deputy Chief Whip of the House, who represented Uvwie Constituency urged Deltans to continue to support the government of Rt. Hon. Oborevwori in its efforts to consolidate the gains of the past administrations in the state.

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