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| STATE
GOVERNMENTS |
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| Ogun
State Government |
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The
Ogun State Ministry of Finance is the
arm of the Ogun State Government responsible
for the assessment, collection and accounting
for all taxes and revenue of the State.
The
main objective of this ministry and
the State at large is to continually
increase the number of entities in its
tax net, as well as increase the tax
revenue accruing to the State. To this
end, several tax laws are in place,
which the State strives to ensure strict
adherence to by the relevant parties.
In order to fulfill its mandate, it
was pertinent for the State to put in
place mechanisms that will “Plug
All Leakages” within the system. |
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The
Challenge |
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The
State formerly did revenue collection
through banks, government agencies and
by employing the services of revenue
collectors. The entire collection process
was manual - from the collection of
revenue from companies and individuals
to the generation of receipts (and credit
advices) at the tax offices. Due
to the non-automated monitoring procedures,
revenue collection in the State was
fraught with various challenges. Also
lack of adequate information about tax
payers and other revenues of the State
give room for leakages and other anomalies
at various stages of the collection
process. |
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The
Solution
The State Governments
desire for a collection solution that gives
them more control and better monitoring was
satisfied with the Ogun State PAYDirect Revenue
Collection solution. As with the FIRS PAYDirect
system described, the Ogun State system hitherto
has enabled the Ogun State Government through
its relevant parastatals, to answer the necessary
hows, whos, whys, whats, whoms, and wheres of
an efficient revenue collection system.
Payments are
made at the branches of these banks. For
monitoring purposes in various districts, some
banks are appointed as lead banks, and the other
collecting banks in the respective district
remit collected funds to the lead bank on a
periodic basis.
Tax payments
via the internet and other channels are gearing
up to start soon.
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