Kaduna State Government and Skye Bank Plc have entered into a partnership with the aim of increasing the state’s Internally Generated Revenue (IGR).
The State Governor, Mukhtar Yero, during the launch of the Point of Sale (PoS) terminals for the revenue collection scheme of the state, powered by Skye Bank, said the partnership is expected to accelerate the pace of development in the state.
The governor said that the current IGR of the state and the dwindling federal allocation were not enough to develop the state.
He noted that his government has a huge budget that was expected to be financed by IGR, adding that the IGR has been stagnant at about N1 billion per month in the past five years, hence the need to develop new and accountable means of revenue collection.
Yero warned that residents that evade tax are the ones who criticise government the most, adding that only civil servants have been up to date in tax payment in the state.
He accused politicians of tax evasion saying that they only pay their taxes when they need tax clearance from Board of Internal Revenue for electioneering purposes.
Highlighting the importance of the PoS terminals in revenue collection, the Regional Manager of Skye Bank, Mr Kawu Mohammed, said the project would ensure accountability and ensure taxes get to the government coffers.
