Why Entrepreneur lauds Otti on new digital tax system for transport, trade sectors

By Adewale Sanyaolu

An entrepreneur and former House of Assembly Candidate in Abia State, Hon Ndubuisi Mba, popularly known as Pa Single, has lauded the move by the Abia State, Governor, Mr. Alex Otti, to harmonise all forms of collection of levies in the transport and trade sectors of the Abia.

Mba who is also the Managing Director of Saap Tech Nigeria Limited, an ICT firm specializing in power and alternative energy in a statement made available to Daily Sun described the action of the Governor as a welcome development that would sanitise the activities of the various transport unions and dubious tax collection agents in the State….CONTINUE READING

Besides, Mba said the move would promote transparency and accountability in the transport and trade sectors, saying in the past most levies collected were unaccounted for.

He added that the Governor’s initiative would equally go a long way in improving revenue collection in the State.

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The new system, according to Mba integrates free medical insurance scheme for all commercial vehicle drivers and riders of Keke and Okada, will see the state also maximise its revenue potential.

Otti, had while speaking at the launch of the new digital tax system, said its introduction would not only strengthen the state’s tax collection but would also promote economic growth and entrepreneurship in the state.

“By simplifying tax compliance procedures, we have removed barriers for businesses, encourage formalisation, and stimulate investment. This initiative empowers entrepreneurs, enabling them to focus on their ventures’ growth and expansion, ultimately leading to job creation and economic prosperity for our state.

By eliminating fraud, intermediaries, and introducing the digital platform to block leakages, we will unlock the true potential of our tax system to maximise revenue for development projects.

The digitalised tax regime ensures that every business, large or small, contributes its fair share towards the growth of our state. With the expected increased revenue, the government can invest in infrastructure development, education, healthcare, and other essential sectors that will uplift the lives of all Ndi Abia,” Governor Otti said.

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He declared that the free medical insurance scheme component of the new digital tax payment system is a fulfilment of his campaign promise to create an affordable health care delivery “for our people across all sectors and segments” of the society.

The new digital tax system essentially aims at sanitising revenue generation in the transport sector and the markets. While the Permit to Operate Tickets targets those in the transport business, the Innovative Traders Tax Payment aptly targets traders in the market areas.

The Abia Govenor further said “Unlike in the past where revenue agents abused these daily tickets with all manner of collectibles, now, we are promoting Transparency and Ease of Compliance in our commitment to making tax compliance simpler and more accessible. The digitalised tax regime introduces enumeration and easy paying platforms which includes the use of USSD and wallet services.

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“The Permit to operate Tickets for Transporters has been designed in bouquets which gives the commercial transport operators options to choose among the daily, weekly and monthly scheme. This has eliminated all forms of middle men that have been meddling on our revenue collection space. We are also optimistic that this model will eventually eliminate and reduce the risk of extortion, promote transparency, increase tax compliance, strengthen ease of doing business in Abia state and empower these businesses to operate within a legally defined framework and environment,”

The governor also said that the new framework for Innovative Traders Tax Payment “is the first of its kind in our state”. According to him, it was carefully designed within the ambit of the principle of convenience and fairness…CONTINUE READING