Echotitbits – Nigeria News

Tag: state finance

  • Cross River Revenue Service Suspends New Assessments as It Tightens Reform Processes

    Cross River Revenue Service Suspends New Assessments as It Tightens Reform Processes

    Reporting by Tribune indicates Cross River’s revenue administration paused new tax assessments while it reviews and tightens processes linked to reform-era enforcement changes.

    The policy logic is consistent with crackdowns aimed at reducing leakages, standardizing assessments, and limiting opaque cash collection practices.

    Short-term disruptions are possible if taxpayers and businesses lack clear guidance on what applies, when, and how disputes will be handled.

    Radio Nigeria also reported the suspension directive as part of process tightening, while GazetteNGR highlighted the state’s push toward reform-aligned, cashless tax practices, noting “end cash tax payments” in its summary.

    Echotitbits take: Watch for published taxpayer guidelines and a credible appeals mechanism—those separate reform from confusion.

    Source: Guardian – https://guardian.ng/news/tax-reform-act-crirs-suspends-tax-assessment-process-for-review/ January 10, 2026

    Guardian 2026-01-10

    Photo Credit: Guardian

  • Enugu sets N870bn IGR target for 2026 as agencies are told to ramp up collections

    Enugu sets N870bn IGR target for 2026 as agencies are told to ramp up collections

    In a report by ThisDay, Enugu Governor Peter Mbah set an N870 billion internally generated revenue target for 2026, urging MDAs to intensify revenue mobilisation amid global uncertainty.

    The target is positioned as a core funding pillar for the state’s programme, implying stronger compliance drives, more automation, and broader clarity on what qualifies as collectible revenue.

    The funding mix also points to the continuing role of FAAC allocations and capital receipts, but with IGR expected to carry a heavier share of budget ambition.

    If pursued aggressively, the tension will be balancing expansion of the tax net with maintaining a business-friendly environment that doesn’t choke SMEs and investment.

    The Guardian noted the governor’s funding mix includes “N870 billion IGR” alongside other streams, while The Sun also reported the same direction around the N870bn target tied to the 2026 budget framework.

    Echotitbits take: Enugu’s ambition is plausible only with digitised collections, fewer leakages, and clearer taxpayer services. Watch reforms in land administration, transport levies, and business licensing—the fastest IGR accelerators and the most abused if not controlled.

    Source: The Punch – https://punchng.com/mbah-urges-agencies-to-boost-revenue-meet-budget-target/ January 7, 2026
    The Punch  January 7, 2026

    Photo Credit: The Punch