Paradise News

Tag: CRIRS

  • C’River Gov Impressed Over IRS Spectacular Performance

    C’River Gov Impressed Over IRS Spectacular Performance

    …As Service Records 56% Growth In IGR

    At the just concluded APC stakeholders meeting over the weekend.

    Cross River state has witnessed an increase in revenue from N22billion as of December 2022 to N31.4billion at the end of December 2023; representing a 56% growth YoY (Year on Year).

    Cross River State also now ranks in top 15 states in the Federation in internal revenue generation.

    Suffice to mention that the State was able to achieve a 92% revenue performance against budget upon assumption of office between June and December 2023; when compared to the 67% against budget between January and May 29, 2023.

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    Another major achievement recorded  by the CRIRS has been the generation of revenue amounting to N7.86billion from the MDAs in 2023 compared to average of N3.2billion in the past 7 years indicating over 100% increase.

    The above feat has been achieved due Majorly to the support of the governor and strategies and innovations introduced by the new Management Team of the Service headed by the Executive Chairman, Prince Edwin Okon.

    The service continues to work on blocking of leakages, reconciliation of unreported revenues, increased oversight functions, regular engagement with taxpayers and robust staff training & awareness campaign amongst others. All to ensure improved revenue generation to meet the government set target and goals. The service also continues to tighten controls to reduce multiple taxation, and harmonize Local government and State taxes/levies to ensure improvement of ease of doing business in the state.

  • Cross River Revenue Service Aims to Actualize N296 Billion ‘People First’ Budget in 2024

    Cross River Revenue Service Aims to Actualize N296 Billion ‘People First’ Budget in 2024

    The Cross River State Internal Revenue Service (CRIRS) is expressing confidence in achieving the ambitious N296 billion ‘People First’ budget for 2024. Prince Edwin Okon, the Executive Chairman of CRIRS, conveyed this optimism during an appearance on CRBC’s Weekend Politics show hosted by Joseph Inyang.

    Mr. Okon assured the public that the CRIRS team, comprising both revenue and non-revenue generating units, is fully committed to delivering on their part of the budget. He emphasized the trust placed in his team and highlighted the collaborative effort underway to meet the financial targets outlined in the ‘People First’ budget.

    The budget, which focuses on prioritizing the welfare and development of the people, has set substantial financial goals for the state. Prince Edwin Okon, as the head of CRIRS, recognizes the importance of robust revenue generation to fulfill these budgetary commitments.

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    While addressing the public on CRBC, Okon outlined the dedication of his team, stating, “My team is trusted, and all hands are on deck, both revenue and non-revenue generating units, to ensure we deliver on our quota of the budget.”

    Cross River State has been known for innovative approaches to revenue generation, and the CRIRS has played a pivotal role in supporting the state’s economic initiatives.

    As the fiscal year progresses, stakeholders will keenly watch the performance of the CRIRS in contributing to the realization of the ‘People First’ budget, which aims to fund critical sectors for the overall development and well-being of the people of Cross River State.