The Governor of the State of Borno, Babagana Zulum, approved a two -year tax renunciation for the operators who were affected by the disaster of the floods of September 2024 and by the merchants of the Maduguuri Monday market.
According to a declaration by the Governor’s media team on Sunday, Zulum granted the derogation to relieve the financial burden and encourage business growth.
It will be remembered that the devastating flood caused economic difficulties, with many residents who lose their means of subsistence.
The president of Borno State Internal Revenue Service (Bo-Iirs), Professor Ibrahim Bello Alhaji, who did this known last week, said that the renunciation was part of the reforms of the Zulum tax administration that give priority to the ease of doing business in the state.
Bello has also observed that Borno State is now at the twelfth at national level in terms of improved and digitized tax programs.
The president of Bo-Irs highlighted projects in progress in Jiddari, Umarari, Gra, Bulumkutu, Custom, Chad Basin and many other locations, underlining that each part of the state benefits from the funds generated by taxes.