Dr. Dennis Osahon Aikoriogie, the gubernatorial candidate of the National Rescue Movement (NRM) in Edo state, has revealed his plans to reduce the state’s dependence on federal allocations and enhance fiscal sustainability by increasing internally generated revenue (IGR) through strategic reforms and innovative revenue generation initiatives.
Aikoriogie emphasized the importance of boosting revenue collection, minimizing leakages, and enhancing transparency and accountability in order to improve the state’s economy. He outlined key areas of implementation for his administration’s plan to enhance IGR, including the digitalization of revenue collection processes, integration of data and analytics, automation of compliance and enforcement, capacity building and training, public awareness and education, collaboration with the private sector and development partners, and incentives and rewards for compliance.
One of the main strategies Aikoriogie proposed is the implementation of digital platforms and e-payment systems for tax and fee collection, allowing citizens and businesses to make payments conveniently and securely online. He also plans to introduce mobile applications and web portals for taxpayers to access information, file returns, and track the status of their payments in real-time. Additionally, Aikoriogie aims to establish a centralized database for taxpayer information and utilize data analytics and predictive modeling techniques to optimize revenue collection strategies.
In order to improve compliance and enforcement, the gubernatorial candidate plans to implement automated systems for tax assessment, audit, and enforcement, as well as deploy electronic monitoring and surveillance tools to track compliance with tax laws and regulations. He also stressed the importance of providing training and capacity building programs for revenue officials and staff, as well as launching public awareness campaigns and outreach initiatives to educate citizens and businesses about their tax obligations.
Aikoriogie also mentioned the importance of collaboration with the private sector and development partners, as well as introducing incentives, discounts, or rewards for taxpayers who voluntarily comply with tax laws and regulations. By fostering a culture of professionalism, integrity, and ethics among revenue personnel and encouraging greater participation and cooperation from taxpayers, Aikoriogie aims to promote a culture of tax compliance and fiscal responsibility in Edo state.
Dr. Dennis Osahon Aikoriogie’s plan to boost internally generated revenue in Edo state through innovative strategies and technological advancements showcases his commitment to economic growth and development in the region. As the gubernatorial elections draw near, voters will be looking closely at his proposals to improve the state’s financial stability and ensure a promising future for all residents.
