Thank God it’s Friday, I hope you all had a great democracy day. As the week draws to a close I will like to shed light on the idea of a cashless government.
Recently, Local Government areas in Cross River State have introduced payment of levies through Point of Sale terminals in market places so as to curb multiple taxation. The move, a joint effort between the state government and the Growth Employment in States, also known as GEMS3, will also boost revenue generation. GEMS3 programme is a partnership between the Federal Government and the UK Department for International Development, designed to ease business transactions in Nigeria.
The initiative is currently undergoing test-running in Calabar Municipal Government, Calabar South, Ikom, Obubra, Yala, Boki, Akpabuyo and Ogoja local government areas. Apparently this step has been taken by the Cross River Government to curb the issue of multiple taxation in the state.
This is a very significant move by the Cross River State government in pushing the cashless policy, the state will benefit highly from increase in tax revenue generated by providing a more convenient channel for tax collection.
Other states in Nigeria should learn from the Cross River State cashless initiative and adopt similar programmes. If you are interested in adopting a cashless government programme, do not hesitate in contacting Globasure for more information.