Internally generated revenue enugu plans to engage revenue driver 33 audit firms

It seems like you're referring to a plan by the Internally Generated Revenue (IGR) department in Enugu State to engage 33 audit firms to drive revenue growth. Here's a breakdown of the plan:

Objective: The objective of this plan is to increase the state's internally generated revenue by engaging 33 audit firms to identify and optimize revenue streams.

Key Components:

  1. Audit Firms: The IGR department plans to engage 33 audit firms to conduct thorough audits of various revenue-generating streams in the state. These firms will be responsible for identifying areas of inefficiency and providing recommendations for improvement.
  2. Revenue Streams: The audit firms will focus on auditing various revenue streams, including:
    • Tax collections
    • Revenue from government-owned enterprises
    • Fees from government services
    • Fines and penalties
    • Other revenue-generating activities
  3. Audit Scope: The audit firms will conduct comprehensive audits of these revenue streams, including:
    • Financial statement audits
    • Compliance audits
    • Performance audits
    • Operational audits
  4. Recommendations: Based on their findings, the audit firms will provide recommendations to the IGR department on how to improve revenue collection, reduce losses, and optimize revenue streams.
  5. Implementation: The IGR department will implement the recommendations provided by the audit firms to improve revenue collection and optimize revenue streams.

Expected Outcomes:

  1. Increased Revenue: The engagement of 33 audit firms is expected to lead to increased revenue for the state, as the audit firms will identify and optimize revenue streams.
  2. Improved Efficiency: The audits will help identify areas of inefficiency and provide recommendations for improvement, leading to more efficient revenue collection and management.
  3. Enhanced Transparency: The audits will promote transparency in revenue collection and management, ensuring that revenue is collected and managed in a fair and transparent manner.

Challenges:

  1. Capacity Building: The IGR department may need to invest in capacity building for its staff to ensure they can effectively implement the recommendations provided by the audit firms.
  2. Resistance to Change: There may be resistance to change from some stakeholders, who may be accustomed to the current revenue collection and management processes.
  3. Funding: The engagement of 33 audit firms may require significant funding, which may be a challenge for the state.

Overall, the plan to engage 33 audit firms is a strategic move by the IGR department to increase revenue and improve revenue collection and management in Enugu State.