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By Henry Uche
Chartered Institute of Taxation of Nigeria (CITN) has commended Lagos state government for launching the Lagos State Revenue Portal (LRP), saying that the initiative would boost transparency in revenue accountability and reporting.
A statement signed by CITN president/Chairman of Council, Mr. Samuel Agbeluyi, the Institute affirmed that the initiative which is critical to engendering confidence in the fiscal management and governance practices of the State Government particularly revenues generated internally, would boost the confidence of Lagosians with respect to government’s ability to manage financial resources.
Aimed to simplify the State’s Revenue Administration Process, the launch of the portal leveraging on technology has the potentials to improving tax and other regulatory payments compliance levels, as simplifying the process would result in improved revenue collections for the State.
“The situation prevalent in most states is that, multiple agencies approach taxpayers and business owners with multiple bills which creates a burden of compliance and increases the cost of doing business. This leads to revenue loss and low collections.
“The LRP aggregates all these bills under one platform for ease of payments and administration thereby enhancing the process for the taxpayer and the government. We urge other sub-nationals within the federation to take cue from this novel initiative by the Lagos State Government and other states that have embarked on similar schemes.”
CITN note that this initiative would not only promote revenue reporting and accounting, but fiscal prudence and enhancing the delivery of democratic dividend to the populace.
The Institute maintained that the initiative is a development that would make revenue collection in tandem with global best practice, facilitate ease of doing business, monitoring of revenues, strategic decision making and will promote a professionalized and efficient revenue administration regime.
“We urge government at all levels to continually evolve measures to engender confidence in its activities to build trust with the populace” it statement added.
