Revenue Collection: Osun Govt. Empowers Youths

Revenue Collection: Osun Govt Empowers YouthsThe Osun State government has trained about 210 youths as tax revenue marshals to help in the collection of tax especially from the informal sector.

This was disclosed by the acting Chairman of Osun Internal Revenue Service (ORIS), Dayo Oyebanji, at a three-day capacity building programme for the trainees in Oshogbo, the Osun State capital.

Mr Oyebanji said the training became necessary owing to a drastic drop in the monthly revenue coming to the state from the Federation Account.

He explained that the tax collectors were expected to deal with the informal sector of the state economy by taking the collection process to the doorsteps of market men and women, shop owners, artisans among others.

The OIRS boss, who maintained that there would be no room for tax evasion and avoidance, emphasised on the need for all citizens of the state to perform ‎their civic responsibility by ensuring prompt payment of their tax.

‎He hinted that the agency had embarked on massive sensitisation , adding that the prompt payment of tax would drastically boost the revenue of the state and make it attractive to potential investors.

Drawn from the 30 Local Government Areas across the state, the tax collectors named “Osun Revenue Marshals”, were armed with Point of Sales (POS) machines each to ease their activities.

This comes as part of efforts to increase the revenue generation drive in Osun State, South-west Nigeria.

Nigeria’s Apex Bank Seeks Deeper Adoption Of E-payment System

E-payment system in Nigeria POS-card-machineThe Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS) have further thrown their weight behind the cashless policy, with the ongoing Electronic Payment Incentive Scheme (EPIS).

During the redemption of prizes in Kaduna for the first 10 winners for the month of September and October, the Deputy Governor of the CBN, Suleiman Barau, said the apex bank would keep giving the desired support to the EPIS project.

He pointed out that E-payment banking would help in revolutionising Nigeria’s economic development and enhancing efficiency in business.

While commending the process used in selecting the winners, Mr Barau added that the cash-less banking initiative was helping to promote financial inclusion and getting banking to the grassroots.

Cash Reward Raffle Draw

The Managing Director of NIBSS, Business Development, Mr Folashodun Shonubi, explained that the introduction of the nation-wide incentive scheme was primarily focused on rewarding users of electronic payment in Nigeria and to further encourage greater adoption by all.

He added that there had been increase of transactions through Point Of Sales (POS) platforms since the inception of the Electronic Banking.

The Electronic Payment Incentive Scheme idea was first conceived in March 2013 driven by the Central Bank of Nigeria and NIBSS amongst other key stakeholders.

In other to spice up a reasonable level of awareness and excitement in anticipation of the Loyalty Program for consumers and salespersons, the CBN in collaboration with NIBSS proposed a Monthly Raffle Draw Initiative targeted at all card users within the Nigerian e-payment ecosystem.

At the Kaduna office of the CBN, the winners for the months of September and October, who were selected across Nigeria, were presented with a cash reward.

To qualify for this draw, all winners are expected to have a valid Biometric Verification Number for the authentication of their various bank accounts.

The scheme also has the support of the Consumer Protection Council and National Lottery Regulatory Commission.

The Kaduna State coordinator of the commission, Baba Adamu, applauded the initiative, describing the process as transparent and unquestionable.

One of the recipients, Omolara Odunusu, expressed happiness for the reward and commended the CBN for the gesture

The CBN E-payment Incentive Scheme Raffle Draw involves a customer using his or her ATM card to make payments on POS to enable such customer qualify for the Cash Reward Raffle Draw.

The benefits of the scheme according to the CBN management, include saving man hours wasted in moving cash about, guaranteeing the safety of the customer in carrying money about as well as saving the apex bank from printing new currencies frequently.