RIVERS, Nigeria – Rivers State Governor, Nyesom Wike, has announced that the state government will soon commence the operation of Treasury Single Account to boost its revenue base.
Governor Wike said this during the Flag Off of Informal Sector Tax Drive at the Government House, Port Harcourt.
Governor Wike explained that the Treasury Single Account will be diligently implemented in the interest of Rivers State, just as he said that his allegiance is to Rivers people who voted him, because he was not sponsored by any group.
Governor Wike also charged the Rivers Internal Revenue Service, RIRS to grow the State’s Monthly Internally Generated Revenue to N10billion.
“We will initiate the Treasury Single Account to block Revenue Leakages. I assure that very soon the Treasury Single Account will become operational.
“The Treasury Single Account will be implemented to checkmate what is presently going on. It is not good to have several accounts which lead to unnecessary Leakages.
“Our revenue base fluctuates. The Board has been directed to expedite action for the state to hit N10billion internally generated revenue every month.
“The drive for informal sector tax is key. I believe it will boost our revenue base and we need it,” he said.
Earlier; Chairman of Rivers State Internal Revenue Service (RIRS), Adoage Norte said that the flag off of the informal sector tax drive will ensure that informal sector entrepreneurs pay their taxes.