Nigeria could have been benefiting from its growing population, but for lack of data limiting human development and proper economic planning in the country, experts say.
To encourage tax collection and payment, and data gathering, Yaba Local Council Development (LCDA), has kicked off the YabaRev/YabaPay project, a project convened by MD/CEO Taxaide Technologies Limited (Taxtech), Bidemi Olumide, aimed at ensuring a seamless collation of revenue and data among businesses and residents in the area.
Speaking during the training of 20 persons selected for the exercise, Olumide said the project when completed, will help the government of the LCDA ensure effectiveness of tax administration in relation to assessment, collection, and remittance of tax in Yaba.
“The essence of YabaRev is to show us where we are and to give us the ammunition and resources we need to do our work. YabaRev is a database of eligible tax-payers and the platform seeks to integrate the tertiary institutions community more into the database. The automation process makes revenue generation easier and more fun.
“Our efforts will help the LCDA transform its tax collection system to a smart, ICT-driven set-up with real-time access to integrated data on businesses and residents’ data within the area, most especially for infrastructure and social services planning purposes. Part of the expected result of the project is the activation of a portal that will showcase information and provide direct links to all 9 wards, and over 250 streets within the LCDA.”
While describing YabaPay, he said, “YabaPay is a system for easy payment via phone, USSD codes, or even payments at Polaris Bank. While YabaRev is the administrative platform for the tax officials, YabaPay is the platform by which payment is made by residents.
He also promised that Taxaide Technologies Limited will always be accessible to provide guidance on more clarifications and proper implementation of the project.
Executive Vice Chairman, Yaba LCDA, Honourable Bola Aileru described the project as a laudable one and said tax implementation is important and said that the Community Development Associations (CDAs) across Yaba will be incorporated for better association and awareness among community members.
He also called for instant creation of awareness of the project through radio jingles and other forms of advertisement.
The Vice Chairman concluded his remarks by imploring attendees do their part, saying “let’s make it work.”
The Council Treasurer, Mr. Jimoh Balogun called on attendees to work out how they can deploy the political will to convince residents on radio and television (RTV) licensing.