Gov. Otti Sets Date To Migrate Abia To Treasury Single Account | READ FULL DETAILS
Abia State Governor, Dr. Alex Otti, has set a September 1, 2023 target to migrate the state into a Treasury Single Account (TSA).
Dr. Otti said from that date all monies accruing to the State will be paid into a single account. Likewise, all payments by the state will be made through same account.
The Governor revealed this on Wednesday, July 5, 2023 during a town hall meeting with the leaderships of the transport unions and markets in the state, held at the Banquet Hall of the Government House in Umuahia.
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.
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, insisting that it would help in eliminating all forms of manual collection of revenue and fraud, 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.
Also speaking, the Special Adviser to the Governor on Internal Generated Revenue (IGR), Mr. Chimereze Okigbo said the new digital tax system is simple and aimed at blocking revenue leakages of the State through the elimination of middlemen in government revenue collection. He said government would profile agents and place them in various locations to assist in the system to make it seamless.
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