HomeBusiness and TechAnambra Targets N75bn Internally Generated Revenue

Anambra Targets N75bn Internally Generated Revenue

By Chinwe Onuigbo, Awka

The Anambra State Internal Revenue Service (AIRS) has set a target of generating ₦75 billion in Internally Generated Revenue (IGR), up from the ₦47 billion realised in 2025, through tax expansion, enhanced electronic payment systems and measures to curb revenue leakages.

The Chairman of AIRS, Mr. Nnaemeka Okonkwo, disclosed this while appearing before the Public Accounts Committee of the Anambra State House of Assembly during the verification of the state’s audited government accounts for the financial year ended December 31, 2025.

Okonkwo said; “the agency would achieve the new revenue target by broadening the tax net, enhancing compliance, strengthening electronic tax payment platforms and blocking leakages across both the formal and informal sectors of the economy.”

He said AIRS was committed to reforms aimed at improving tax administration, increasing revenue efficiency and supporting government development initiatives through a more sustainable internally generated revenue system.

The Chairman of the Public Accounts Committee, Noble Igwe, said the verification exercise was part of the committee’s constitutional responsibility to promote transparency, accountability and prudent management of public funds across government ministries, departments and agencies (MDAs).

Igwe, who represents Ogbaru Constituency One, said the exercise was not intended to witch-hunt any official or institution but to verify financial records and encourage responsible management of public resources.

“We are not here to witch-hunt anybody. We are here to work together for the progress of Anambra State by ensuring transparency and accountability in the management of public funds,” he said.

He added that the committee’s objective was to work collaboratively with government agencies to strengthen accountability and contribute to the overall development of the state.

Following the review of submitted financial records, the committee cleared the Anambra State Internal Revenue Service, the Ministry of Power, and the Ministry of Housing.

Responding, the AIRS chairman commended the committee for its diligence and commitment to oversight responsibilities, reaffirming the agency’s resolve to leverage technology, expand the taxpayer base and improve compliance.

Okonkwo said “the revenue service would continue to implement measures that would boost revenue collection, reduce leakages and strengthen the state’s financial capacity to deliver development programmes.”

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