Stephen Ukandu, Umuahia
Governor Alex Otti of Abia State, has announced that with effect from September 1, 2023, the state would migrate to Treasury Single Account (TSA).
This, according to the Governor, is to avoid financial leakages in the system.
Otti who disclosed this during a town-hall meeting with the executives of market unions and markets in the state, said his administration was poised to stamp out corruption in the revenue generation of the state.
According to the Governor, “from that date all monies accruing to the state will be paid into a single account.”
He also said that all payments by the state would be made through same account.
Addressing the union leaders, Otti said the town-hall meeting was to educate transporters and traders in the state on their obligations as the state adopts the new digital system of tax payments.
“Our government is a very responsible government. We must put the people first and that’s why you’re here,” the Governor told his audience as he set the tone and agenda for the event.
Governor Otti reiterated that the whole essence of digitalising the tax regime in the state is to eliminate all forms of sharp practices including fraud, diversion of proceeds and middlemen.
“Now, you can pay from the comfort of your home or office, get digital receipts on your mobile devices. We can authenticate your receipts through a code, I believe it’s a QR code. We can read your receipts and know whether they’re authentic or not.
“This scheme is carefully designed to develop and empower our people. It will lead to employment generation and also give confidence to our people that their payments are getting to the right place,” Governor Otti further explained.
He called on the stakeholders in revenue generation to embrace the new tax regime, stressing that it would help in eliminating all forms of manual collection of revenue and fraud.
“It will also increase the revenue base of the State, help in the ease of doing business, attract local and international investors and also help the government fulfill its campaign promises to the people of Abia State,” Otti added.
Speaking earlier, Special Adviser to the Governor on IGR, Mr. Chimereze Okigbo, said the town-hall meeting was to have useful interactions with the necessary stakeholders given the formal launch of the new digital tax system.
He said the system was aimed at blocking revenue leakages of the State through the elimination of middlemen in government revenue collection.
Okigbo said Government would profile agents and place them in various locations to assist in the system to make it seamless.
